NasdaqGS:AMZNMultiline Retail
Italian Tax Probe Adds Fresh Risk To Amazon.com’s Growth Narrative
Italian tax authorities have opened a new investigation into Amazon.com over suspected failure to declare income in its Italian operations.
Police have searched Amazon's Milan headquarters and the homes of certain managers as part of the probe.
Amazon has responded by stressing transparency in its tax practices and criticizing the approach taken by the authorities.
For investors watching NasdaqGS:AMZN, this tax probe comes at a time when the stock is trading at $198.79, with a mixed return...