Amazon Faces Dual Investigations In Italy For Alleged Tax Evasion, Labor Violations

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Italy’s tax police on Tuesday seized about 121 million euros ($131 million) from Amazon Italia Transport in Milan as part of an investigation into alleged tax fraud and illegal labor practices, according to prosecutors’ documents, Reuters reported.

The Milan Prosecutors’ Office accused the logistic services unit of dodging labor and tax laws, relying on cooperatives or limited liability companies to supply workers while skipping value-added-tax duties and lowering social security payments.

U.S.retail giant Amazon.com, Inc.(NASDAQ:AMZN) has been investigated twice this week for allegedly conducting suspected tax evasion in Italy.

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Article Details

Author / Journalist: Michael Juliano

Category: Technology

Markets: United StatesItaly

Topics: AMZN Top Stories Eurozone Tech Ecommerce Italy Tax Evasion Milan Stories That Matter Amazon Italia Transport Benzinga US0231351067

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-26 @ 18:19:07 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 335 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21786169

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