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Amazon accused of EUR 130 mln Italian tax evasion - report

Monday 1 May 2017 | 10:09 CET | News
Financial police in the northern Italian city of Milan have accused Amazon of failing to pay some EUR 130 million of taxes in the country between 2011 and 2015, according to an unnamed source cited by Reuters. The online retailer made revenues of around EUR 2.5 billion over the period and subsequently replied to the report by issuing a statement denying any tax evasion and claiming that substantial investments in Italy had limited its taxable profits. The tax police's findings have now been passed on to Milan prosecutors, said the source.

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Categories: General
Companies: Amazon / Apple / Facebook / Google
Countries: Italy
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