Amazon Settles With Italy Tax Authority to Pay €723m: Ansa (1)

Amazon reaches a settlement with Italy’s tax authorities to pay €723 million, newswire Ansa reports.

• Agreement for €511 million payment reached on Wednesday; additional €212 million paid in recent days by Amazon logistics and transportation units: Ansa
  • Settlement to be paid in installments
  • Deal follows investigations by Milan prosecutors and Italy’s tax police
• Italy has been scrutinizing international companies’ tax payments in the country; the deal may inform compliance expectations for other large technology companies operating in the country
• “We have reached an agreement with the Italian Revenue Agency and remain focused on providing a great shopping experience for our ...