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Amazon agrees EUR 100 mln settlement in Italian tax case

2017-12-18 09:19:00| Telecompaper Headlines

(Telecompaper) Amazon has become the latest US internet giant to agree to a multimillion euro payment to settle its tax affairs in Italy after the local tax authority announced a deal to settle a long-running dispute. In a statement, Italy's Agenzia delle Entrate confirmed that the company has agreed to pay EUR 100 million to settle outstanding tax claims dating from 2011 to 2015. The deal meant the case was now closed, paving the way for "the correct taxation in Italy for activities related to our country," said the agency. Amazon subsequently added: "We have reached an agreement with the tax authorities on historical matters and remain focused on providing a great shopping experience for our customers in Italy, where we have invested more than EUR 800 million since 2010 and created over 3,000 jobs."

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