- Google paid EUR 326 million to settle a tax dispute with Italy.
- The payment covers unpaid taxes, penalties, and interest from 2015 to 2019.
- Italian authorities investigated Google for not paying taxes on advertising revenue and digital operations.
- Google settled a similar case in 2017 for EUR 306 million.
- Italian tax authorities accused Amazon of VAT evasion.
- Prosecutors claim Amazon evaded EUR 1.2 billion in VAT on sales from non-EU countries between 2019 and 2021.
- The investigation targets Amazon’s Luxembourg-based unit and three managers.
- The investigation focuses on Amazon’s algorithm, which allegedly helps non-EU sellers evade VAT in Italy.
- The investigation could lead to penalties of up to EUR 3 billion in addition to the unpaid VAT.
Source: regfollower.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
