Italy investigates Amazon over alleged 1.2 billion euro tax evasion
15/2/2025 6:23
Italian prosecutors are investigating e-commerce giant Amazon and three of its executives over alleged tax evasion worth 1.2 billion euros ($1.26 billion), two sources with direct knowledge of the matter said on Friday.
News of the investigation broke last year, but the details over its extent emerged on Friday, first reported by the Italian daily Corriere della Sera.
Amazon said in an emailed statement to Reuters it would not comment on ongoing investigations.
"Amazon is committed to complying with all applicable tax laws", the company said, stressing it was among Italy's top 50 tax contributors, with its tax bill for the country exceeding $1.4 billion in 2023.
|