City
Epaper

Italy hits Amazon with 121 million euro fine for tax evasion, worker exploitation

By IANS | Updated: July 25, 2024 12:15 IST

Rome, July 25 Italian financial police announced that they have seized 121 million euros ($131.1 million) from the ...

Open in App

Rome, July 25 Italian financial police announced that they have seized 121 million euros ($131.1 million) from the Italian operations of retail giant Amazon for alleged tax evasion and worker exploitation.

A spokesman for the Italian financial authorities told Xinhua on Wednesday that the seizure, the largest-ever of its kind in Italy, was connected to the methods the retailer used to pay outsourced labor, which both reduced the company's tax payments and allowed it to pay workers below the going rates.

"The company illegally employed mechanisms for non-existent operations that allowed fraudulent tax bills and worker exploitation," the official said.

For its part, Amazon sent a statement to reporters saying, "We comply with all applicable laws and regulations in every country where we operate and we demand that companies that work with us do the same." It did not elaborate further, Xinhua news agency reported.

Amazon has had several legal and financial problems in Italy in recent years. Among them are 10 million euros in fines from the country's antitrust regulator for limiting consumer choice on its website in April (1 euro = $1.08).

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

NationalPast statements ‘expose’ TMC MP Kalyan Banerjee’s penchant for controversies

NationalKuki-Zo legislators deny mulling to join new govt in Manipur

NationalSIR 2026: Rajasthan leads in digitising enumeration forms

Cricket"Something else is wrong": Pujara rejects 'transition phase' theory after India's home defeat to South Africa

Other SportsSkater Janvi Jindal makes history, becomes youngest, first female Indian sportsperson with 11 Guinness World Records

International Realted Stories

InternationalIndia-Russia ties a factor of stability in international relations: Jaishankar

InternationalIndia, Russia hold High-level Interagency consultations in Delhi

InternationalMajority of US colleges see decline in Indian student enrollment in 2025

InternationalIndia-Denmark hold 8th Foreign Office Consultations, reaffirm commitment to widen scope of ties

InternationalFacing possible Republican revolt, Trump reverses course on hardline stance