12:08 PM EDT, 03/12/2026 (MT Newswires) -- Amazon.com's ( AMZN ) European unit and four of its managers could face trial over alleged tax evasion worth about 1.2 billion euros ($1.38 billion), Reuters reported Thursday, citing people familiar with the matter.

In December, Amazon ( AMZN ) agreed to pay 527 million euros to Italy's Revenue Agency to settle the tax dispute, but prosecutors in Milan have decided to proceed with their investigation and request for trial, the report said.

A judge will set the date for a preliminary hearing, the report added.

Amazon ( AMZN ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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