Italian Police Say Amazon Has Evaded $142 Million of Taxes (reuters.com)
An anonymous reader quotes a report from Reuters: Milan tax police have told Amazon they believe the world's largest online retailer has evaded around 130 million euros ($142 million) of taxes in Italy, a source close to the matter said on Friday. The allegedly unpaid taxes refer to the period between 2011 and 2015, when Amazon made revenues of around 2.5 billion euros in Italy, the source said. The tax police's findings have been handed to Milan prosecutors, the source added. Amazon issued a statement denying it had evaded any taxes, and said its profits in Italy, on which taxes are paid, had been low due to its considerable investments in the country.
A huge multinational corporation like Amazon is dodging taxes? SAY IT ISN'T SO!
Just cruising through this digital world at 33 1/3 rpm...
My respect for Bezos continues to grow.
Mama mia! Dat's a spicey-a meat-a-ball!
Anonymous coward wrote:
I'd submit this news myself, but the submission system here is very broken. It says I need to create an account and log in to submit a story, which I refuse to do. I'm not going to create yet another online account just to submit content here to you for free!
There's a reason you have to create an account - there's already enough bots using dummy accounts to submit spam. Besides, if you don't care enough about it to log in, why should we care what you say?
"Transparent" is a shit show that trades on every stereotype going. A man in drag is NOT a transsexual.
If you're going to steal tax money, you have to have the word "police" somewhere in the name of your business.
Inheritance is the sincerest form of nepotism.
here in the usa we have a separate government branch that handles taxes and enforcement, the IRS. (Internal Revenue Service) And that name is usually spoken with a bit of a grind of teeth of course.
But in Italy... do they really have their police enforcing tax codes?
What does Amazon have in the way of a "local presence" in Italy to justify taxing them? And what sort of taxes are we talking about here? (do they have like a warehouse or distribution center there? guessing they do, but just confirming) Sales? Income? Property? Capital Gains?
I suppose the general rule of thumb here is that anytime money changes hands, the government wants to stick their hand in and grab a bit of it, as a means of funding government and public interest in a fair way, but it seems like they go a bit overboard sometime.
I work for the Department of Redundancy Department.
Just so that everyone knows: "Tax avoidance" is anything that allows you to pay less taxes that is _legal_. "Tax evasion" is anything that allows you to pay less taxes that is _illegal_.
With tax avoidance, the worst that can happen is that the tax office changes what you have to pay. You cannot be prosecuted for tax avoidance. With tax evasion, you can go to jail. Here the claim is "tax evasion".
Well, that is assuming that whoever translated it from Italian got it right. There have been plenty of cases where things just get reported wrong.
Wait a minute. You're complaint is that you don't want to submit content for free but you want more articles about an open source programming language?
You might want to think that through.
You are welcome on my lawn.
No wonder he's almost the richest man in the world -- he steals money that might have gone to roads, schools, hospitals, all the things that might improve society.
In every fortune is a story of a thief.
Think of all the small book stores in remote locations just barely able to pay their bills. Bezos Amazon like Jobs Apple are ruining the economy. Abusing robot and automation virtues on the side, they dont push payroll like a homegrown American business but saccerate and leach like an alien race.
How long before is cheaper to buy books delivered by gravity from manufacture in outer space because that is what will shutdown the drone developments: celestial bombardment of products not even Cina can tolerate.
It isnt just Amazon being a problem: it is the United States Postal Service and the Postmaster General misusing the Post Office and not asserting Customs and Tariffs.
Amazon needs to be put in a bag and thrown back in the river from a bridge.
Corporations dont pay taxes!
There are non-taxable events and taxable events.
If there is no tax then it isnt an avertion.
Any story which begins "The Italian Police say..." is off to a bad start.
If Slashdot were chemistry it would look like this:Cadaverine
What the Italian police actually meant to say is, "Amazon have evaded $142m of taxes and failed to pay the necessary sweeteners, backhanders and protection money that is traditional in Italy."
Yep, this is how you make money these days as a company. You find ways to avoid taxes, no matter if its cooking the books, using tax evasion or simply finding ways to hide profits. Whats funny about a Amazon or Apple doing this, is they both appear to make huge piles of money so its not like they cannot pay the taxes. They just choose not to.
If Italy was smart, it would have gotten a percentage of the shipping and handling charges.
I am 100% against every form of income and wealth taxation and redistribution, but if we set that aside this so called 'article' claims that Amazon "made revenues of around 2.5 billion euros in Italy", well revenues are *not profits*. The taxes are not paid on revenues (revenues are income before covering the expenses). What were the *profits*?
MY OTHER COMMENTS
Seriously. The Government is whining again that it doesn't get enough taxes through tariffs, income, sales taxes, property taxes, death taxes... any money you've ever made has already been taxed a dozen times over, and they'll tax you again when you try to spend it.
Fuck the government and the airhead assholes who support this bullshit. Fuck them with a corkscrew. Never say "we". "We" are not a people, not a country, and "we" don't appreciate having our wages stolen for random bullshit. Fuck off.
Don't fuck Trump supporters. I expect they're easy, but dudes. condoms on and run away.
thatisright, stfu you!
there needstobe a tax owed first. if an activity or event is taxable then I dont do it! Nothing owed isnot avoided.
bnoo. bn. bnooo. gnooo. ah! GNoo! ..!
GNU!
jus shay GNU. GNU.