Reuters: New investigation by Italian authorities at Amazon offices for tax evasion
The Italian tax police launched an investigation at Amazon's Milan headquarters over alleged tax evasion involving the company.
The Italian tax police conducted searches at Amazon's headquarters in Milan as part of an ongoing investigation into tax evasion associated with the American technology giant. The operation reportedly also included searches at the homes of seven Amazon directors and offices of the auditing firm KPMG. This investigation examines whether Amazon had an undisclosed permanent establishment in Italy between 2019 and 2024, which would imply that the company should have paid more taxes in the country.
Sources familiar with the situation indicated that this inquiry represents a broader effort by Italian authorities to ensure compliance among multinational corporations operating within their jurisdiction. Given the significant presence of Amazon in Italy and the scrutiny it has faced globally over tax practices, these developments could affect the company's financial obligations and operational strategies in the region.
While Amazon was unavailable for immediate comment, KPMG declined to provide any remarks regarding the investigation. The implications of these findings could lead to significant tax penalties and changes in how multinational companies structure their businesses to adhere to international tax laws.