Amazon under second investigation in Milan for tax evasion, sources say


FILE PHOTO: The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, January 5, 2023. REUTERS/Pascal Rossignol/File Photo

MILAN (Reuters) - An Italian unit of Amazon is being investigated by Milan prosecutors for suspected tax evasion, two sources said on Friday, but the inquiry was not linked to a multi-million euro seizure from another of the group's Italian units this week.

Italy's tax police on Tuesday seized some 121 million euros ($131 million) from another unit of the U.S. e-retailer as part of an investigation into alleged tax fraud and illegal labour practices, prosecutors' documents showed.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Nvidia buys AI software provider SchedMD to expand open-source AI push
US launches campaign to hire AI engineers for federal roles
Netflix says its position on deal with Warner Bros Discovery unchanged
Citi sets 2026 S&P 500 target at 7,700, expects AI to remain key theme
Exclusive-Tesla board made $3 billion via stock awards that dwarfed tech peers
Electricity is now holding back growth across the global economy
North Korean leader's sister sports Chinese foldable phone
STMicro has shipped 5 billion chips for Starlink in past decade; that could double by 2027
Tech support scammers stole US$85,000 from him. His bank declined to refund him.
Analysis-Old meets new economy: AI boom to supercharge European banks' rally

Others Also Read