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Amazon to pay 100 million euros to settle Italy tax dispute: statement

FILE PHOTO – The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France on February 20, 2017. REUTERS/Pascal Rossignol/File Photo

MILAN (Reuters) – Italy’s inland revenue service said on Friday it had reached an agreement with Amazon to settle outstanding tax claims covering the period 2011-2015.

Amazon will pay a total of 100 million euros ($117.95 million) to resolve the dispute, the tax agency said in a statement.

In April, Milan tax police said it believed the world’s largest online retailer had evaded 120-130 million euros of taxes in Italy.

Source: https://www.reuters.com/article/us-amazon-italy-tax/amazon-to-pay-100-million-euros-to-settle-italy-tax-dispute-statement-idUSKBN1E91KM

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Amazon to pay 100 million euros to settle Italy tax dispute: statement

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