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Italian police say Amazon has evaded 130 million euros of taxes

Published 04/28/2017, 01:57 PM
Updated 04/28/2017, 02:00 PM
© Reuters. The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France
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MILAN (Reuters) - Milan tax police have told Amazon they believes the world's largest online retailer has evaded around 130 million euros ($142 million) of taxes in Italy, a source close to the matter said on Friday.

The allegedly unpaid taxes refer to the period between 2011 and 2015, when Amazon (O:AMZN) made revenues of around 2.5 billion euros in Italy, the source said.

The tax police's findings have been handed to Milan prosecutors, the source added.

© Reuters. The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France

Amazon issued a statement denying it had evaded any taxes, and said its profits in Italy, on which taxes are paid, had been low due to its considerable investments in the country.

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