Italian government begins second investigation into Amazon's tax practices

・According to Reuters, the Italian corporation of Amazon (NASDAQ: AMZN) is being investigated on suspicion of tax evasion.

・According to Reuters, this is the second investigation conducted by the Italian authorities against e-commerce operators.

・The latest investigation by the Milan authorities focuses on value-added tax (VAT) on goods bought and sold within Italy and internationally.

・According to Reuters, at the beginning of this week, the Italian tax authorities seized 0.1 billion 31 million dollars (about 14.7 billion yen) from a division of Amazon (AMZN), which develops business in Italy, as part of an investigation related to tax fraud and illegal labor practices.

・According to the latest data, Amazon (AMZN) has more than 60 facilities such as operations, corporate offices, data centers, and customer service centers in Italy. Total revenue from all Amazon business activities in Italy amounts to more than 21.4 billion euros.