Amazon Faces Accusations of Evading $1.26 Billion in VAT Payments in Italy, FT Says, Citing Sources

Dow Jones

Feb 14, 2025

--Italy's tax authority accused Amazon of evading 1.2-billion euros ($1.26 billion) in VAT payments, the Financial Times reports, citing unnamed sources.

--The claim is connected to goods from China and other non-European Union countries bought on the U.S. e-commerce giant's platform between 2019 and 2021 as the EU was in transition to a new process for taxing online sales, the FT reports. Amazon was hit with a total 3 billion-euro claim including the original tax, interest and penalties, according to the FT.

--Amazon declined the FT's request for comment.

Full story: http://bit.ly/40Ta8PA

Write to Edith Hancock at edith.hancock@wsj.com

(END) Dow Jones Newswires

February 14, 2025 10:53 ET (15:53 GMT)

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Amazon was hit with a total 3 billion-euro claim including the original tax, interest and penalties, according to the FT. \n</p>\n<p>\n  --Amazon declined the FT's request for comment. \n</p>\n<pre>\n \n</pre>\n<p>\n  Full story: http://bit.ly/40Ta8PA \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Edith Hancock at edith.hancock@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 14, 2025 10:53 ET (15:53 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1116320737.USD","symbol_name":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2511697187","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2511697187","pubTimestamp":1739548380,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"--Italy's tax authority accused Amazon of evading 1.2-billion euros  in VAT payments, the Financial Times reports, citing unnamed sources.--The claim is connected to goods from China and other non-European Union countries bought on the U.S. e-commerce giant's platform between 2019 and 2021 as the EU was in transition to a new process for taxing online sales, the FT reports. 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Amazon was hit with a total 3 billion-euro claim including the original tax, interest and penalties, according to the FT. \n\n\n  --Amazon declined the FT's request for comment. \n\n\n \n\n\n  Full story: http://bit.ly/40Ta8PA \n\n\n \n\n\n  Write to Edith Hancock at edith.hancock@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 14, 2025 10:53 ET (15:53 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}