The Seattle online giant is one of three tech companies — the others being Google and Apple — that have faced tax allegations in the country.
Amazon.com is under investigation in Italy for alleged tax evasion, Francois Nuyts, Amazon’s chief for Italy and Spain, said in an interview Tuesday.
The company is cooperating with the probe, Nuyts said. “Amazon pays all applicable taxes in every jurisdiction where we operate, including Italy, and we are cooperating fully with the Italian authorities,” Nuyts said when asked about legal and tax issues.
“E-commerce is a low-margin business, and Amazon is in a phase of heavy investment, so profits are slim,” the executive said. “We are a retailer with a low-margin business and taxes are due on corporate profits. We invested over 15 billion euros in Europe in the last six years alone.” He didn’t give additional details about the tax case.
Amazon is one of three U.S. technology companies that have faced tax allegations in the country. In January, Google was put under investigation in Italy for allegedly evading taxes totaling about 250 million euros ($278 million) between 2009 and 2013. The total is about 20 percent of sales the U.S. company generated last year in Italy, three people familiar with the case said in January. Apple paid 318 million euros to settle an Italian tax claim last December, according to a person familiar with the matter.
- Ken Griffey Jr.’s emotional Hall of Fame speech makes him more human
- Seahawks would be crazy to let Pete Carroll, John Schneider walk
- Democratic Party leader Wasserman Schultz resigns on eve of convention
- Witnesses say WSU football players attacked two students
- Seahawks, GM John Schneider agree to contract extension
Most Read Stories
Italian news agency Ansa reported March 9 that the Milan prosecutor’s office was probing Amazon for tax evasion.
The news comes as the Italian government prepares to bring a high-ranking Amazon executive into its fold. Diego Piacentini, senior vice president of Amazon’s international consumer business, is taking a leave of absence to advise the Italian cabinet on digital technology matters. Piacentini, a native Italian, is expected to start this summer. .