Italian Tax Police Raid Amazon Italy in Transfer Pricing Probe
Italian tax police executed search warrants at Amazon’s Milan offices today as part of a new probe into alleged transfer pricing irregularities from 2015 to 2020. Investigators are examining whether Amazon shifted profits out of Italy to underreport taxable income and reduce its local tax liability.
1. Italian Tax Raid in Milan
Italian financial police carried out search operations at Amazon’s Milan headquarters today as part of an investigation into potential transfer pricing irregularities dating from 2015 to 2020. The probe centers on whether Amazon structured intra-group service fees to shift profits out of Italy and lower its taxable income, potentially exposing the company to significant back-tax assessments.
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