Italian Prosecutors Seek Trial for Amazon in Tax Case

Milan prosecutors seek a trial for Amazon and four managers over alleged tax evasion of 1.2 billion euros. This follows a prior settlement with tax authorities.

Xurve View
Insights:

Milanese prosecutors have formally requested a trial for the European division of Amazon.com, Inc. and four of its executives in connection with an alleged tax evasion scheme valued at approximately 1.2 billion euros ($1.38 billion). This move represents a rare departure from standard legal procedures in Italy, where corporate tax settlements typically resolve accompanying criminal probes.

Employees take a break at an Amazon fulfillment facility located in Passo Corese, Italy, during March 2021. REUTERS/Remo Casilli/File Photo
IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.