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Amazon Accused of Tax Evasion in Uk & Italy

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Amazon: Accused of Tax Evasion in Uk

September ,14 2017

Riferiment Link : Amazon: accusa di evasione fiscale in Uk

The colossus led by Jeff Bezos had escalated about 1.5 billion pounds of VAT in the United Kingdom. Accusing the eCommerce giant are different sources of English printing.

Amazon might have escaped around 1.5 billion pounds of VAT in the United Kingdom. Accusing the eCommerce giant are different sources of English printing.

The British parliament would have accused Amazon of having "closed and blind eye" on Chinese criminal organizations that would exploit the internet to sell their low-cost products without declaring VAT.

The scam involving the big US, as well as subtracting £ 1.5bn a year from British Treasuries, penalizes British retailers paying taxes, forcing them to close and fire, according to the Daily Mail.


Amazon and the exactive folder of 130 million euros,

The alleged tax evasion ascertained by the Guardia di Finanza relates to a giro of e-commerce giant business worth 2.5 billion euros in five years. And the controversy over Webtax reboots


Tuesday, May 2, 2017

Riferiment Link : PI: Amazon e la cartella esattoriale da 130 milioni di euro

Rome - The first quarter of 2017 is a record quarter for Amazon, which goes far beyond expectations, recording a net profit of $ 724 million (+41 percent over the same period of 2016), thus shaping the title on a new to the Wall Street Wallet. Good news follows the bad news. The investigation co-ordinated by PM Adriano Scudieri and Chief Prosecutor Francesco Greco for failing to declare income against the giant of e-commerce came to fruition after about a year in a statement by the Guardia di Finanza, which found a figure of 130 million euros in presumed tax evasion.

Investigators are the activity of the Luxembourg branch, Amazon's legal headquarters until 2015, for which there is the possibility of using a "photocopy" system similar to that adopted by other hi-tech giants to account for the profits made in Italy to circumvent the tax system. The 130 million euros would instead be calculated by the tax police chief of the Guardia di Finanza in Milan on a turnover of 2.5 billion euros for the five-year period from 2009 to 2014.

Amazon's answer to the announcement is that Amazon is paying all the taxes that are due in every country in which it operates. Company taxes are based on earnings, not revenue, and our profits have been down to following the huge investments and the fact that the retail business is highly competitive and offers low margins. We have invested more than 800 million euros in Italy since 2010 and currently have an indefinite workforce of over 2,000 employees. "

The question will inevitably re-ignite the controversy over the relationship between tax and web company. Michele Emiliano, a national secretary of state PD, commented on the assertion against Amazon: "Once again, it was touched by the prosecutor's office of Milan to abolish the legislator's absence, and on webtax we can no longer say we did not understand: In Italy, since 2013, you could pay at least VAT at every multinational on the Web, as well as pay for Italian companies or the same traditional multinational companies present in Italy with their homes. Indeed, we could have lowered labor taxes to Italian workers thanks to that is, the profitable base, estimated at this time, is over 30 billion and the lost revenue goes from 4 to 5 billion a year. It is business that goes from Italian business budgets to those of the so-called Over the Top. "

Francesco Boccia, chairman of the Chamber's Budget Committee, intervenes in support of Michele Emiliano and in response to the Amazon press release: "The second survey in a few years gives the sense of the severity of the tax payer's relationship with the major multinational corporations Amazon is a monopoly of e-commerce. Amazon's response to the ongoing investigation in Milan is offensive to the intelligence of every Italian taxpayer. Corporate taxes are not based solely on profits, as he points out a statement by the Amazon itself, reiterating the low gains achieved, but there are also indirectly systematically eliminated indirect taxes, in addition to the cost transfer mechanism from one subsidiary to another, which minimizes the remaining taxes due. other occasions the same Amazon, Apple and other over the top, have accepted tax agreements paying hundreds of millions through the so-called negotiated justice. We do not want a country where big people make big rumors with the tax office paying less and indirectly damaging the market or paying only when a Gdf inquiry says it. Finance Guard, we thank the Milan Prosecutor for the complex work he has done, which is a hole that Parliament, at this point guilty, keeps filling. At Amazon, they have to understand that no one in Italy has them or other multinationals, but they are only welcome if they pay taxes like all Italian companies, and they will be treated by the state and justice as elusors. "

Amazon is not an isolated case. Investigations on tax evasion in Italy by hi-tech giants have recently also affected Google and Apple. The first one, in January 2016, was challenged by 300 million euros in the period from 2009 to 2013. The second one, on the other hand, tried to pay to the Tax Authority 318 million euro (compared to a tax backlog of 879 million euro euro) and switching to a 6-month seizure request for Michael O'Sullivan, legal representative of Apple Sales International, to 45,000 euros in fine.
 
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lasersbee

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Sep 20, 2008
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1) your Centered Text is near impossible to read
and is annoying.

2) you have not included a link to the accusations
posted in your Post.

Jerry
 

Encap

Well-known member
Joined
May 14, 2011
Messages
5,257
Points
113
1) your Centered Text is near impossible to read
and is annoying.

2) you have not included a link to the accusations
posted in your Post.

Jerry
Yes very annoying---probably meant to be that way---literally nobody else posts that way----so there are some intention and attention issues showing.
 




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