Amazon to pay 100 million euros to settle Italy tax dispute

Italy's inland revenue service said on Friday it had reached an agreement with Amazon to settle outstanding tax claims covering the period 2011-2015.

Amazon will pay a total of 100 million euros (£88.2 million) to resolve the dispute, the tax agency said in a statement.
In April, Milan tax police said it believed the world's largest online retailer had evaded 120-130 million euros of taxes in Italy.