Amazon to pay more than $580 million to settle tax probe in Italy

Core Viewpoint - Amazon has reached an agreement with Italy's tax collection agency to pay 510 million euros ($582 million) to resolve a tax dispute, but Milan's prosecutors are continuing their investigation into potential tax evasion [1][2]. Group 1: Tax Settlement - Amazon will pay 510 million euros ($582 million) to settle a tax dispute with Italy's tax collection agency [1]. - The settlement is part of an ongoing investigation into Amazon's tax practices in Italy [1]. Group 2: Ongoing Investigations - Milan's prosecutors suspect tax evasion by Amazon amounting to approximately 1.2 billion euros related to the years 2019-2021 [2]. - The prosecutors are also investigating two additional matters: one concerning alleged tax evasion from 2021-2024 and another related to customs and tax fraud involving Chinese imports [2].