Amazon to pay €510m in Italian tax case

Amazon has reached an agreement with Italy’s tax collection agency to resolve a longstanding tax dispute for €510m ($582m), as reported by Reuters. The agreement is the latest in a series of tax and compliance issues the company has faced in the country. But Milan prosecutors do not support the settlement reached between the revenue agency and the US-based retailer, and intend to continue their criminal investigation. They suspect tax evasion of around €1.2bn linked to the years 2019 to 2021, and aim t ...