Italian Authorities Investigate Amazon for Alleged €1.2 Billion Tax Evasion
Key Points Italian prosecutors are investigating Amazon for alleged €1.2 billion ($1.26 billion) tax evasion. The investigation focuses on Amazon’s role in facilitating VAT evasion by non-EU sellers. If proven, the company’s liability could rise to €3 billion with penalties and interest. A separate probe in July 2024 led to a €121 million asset seizure from an Amazon unit. Italian prosecutors are investigating e-commerce giant Amazon and three executives over alleged tax evasion amounting to €1.2 billion ($1.26 billion). The...