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01/29/2025
Italy seizes $48.4 million from FedEx's unit over alleged tax fraud
Reuters
MILAN, Jan 29 (Reuters) - Italian tax police have seized 46.6 million euros ($48.4 million) from FedEx's (FDX.N), opens new tab local unit, FedEx Express Italy srl, following an investigation into alleged tax fraud linked to illicit labour supply, prosecutors' documents showed on Wednesday.
In a 75-page decree reviewed by Reuters, Milan prosecutors accused the U.S. package delivery giant's local unit of circumventing labour and tax laws, relying on cooperatives or limited liability companies that supplied workers while omitting tax and social security payments.
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