Ad  Mode Mobile

Unicorn in the Making?

Some unicorns go public before the world knows their name. Others - like Uber and Airbnb - become impossible to ignore.

Mode Mobile could follow in their footsteps. They already have 45M+ users, massive revenue growth, and a Nasdaq ticker already secure - all before an IPO.

Their previous two raises sold out, but the company is offering pre-IPO shares at $0.30 with a 130% bonus for accredited investors.

Last chance to earn up to 130% bonus shares in Mode - act now.

Disclosure: This offer is only open to accredited investors. Please read the offering circular and related risks at invest.modemobile.com/elite

Amazon under second investigation in Milan for tax evasion, sources say

MILAN (Reuters) – An Italian unit of Amazon is being investigated by Milan prosecutors for suspected tax evasion, two sources said on Friday, but the inquiry was not linked to a multi-million euro seizure from another of the group’s Italian units this week.

Italy’s tax police on Tuesday seized some 121 million euros ($131 million) from another unit of the U.S. e-retailer as part of an investigation into alleged tax fraud and illegal labour practices, prosecutors’ documents showed.

The second tax evasion investigation started in 2021 and was triggered by routine checks carried out by tax police in an area north of Milan, the two sources with knowledge of the matter said.

The inquiry focuses on tax rules over the trading of goods within Italy’s borders and internationally, with particular reference to value added taxes and custom duties, the sources said.

The size of the potential tax evasion has not yet been quantified, they said.

Amazon had no immediate comment.

Italy’s tax authorities and tax police in the city of Monza, just north of Milan, have been conducting checks on Amazon accounts in Italy in relation to the inquiry over the past few years, they said.

($1 = 0.9211 euros)

(Reporting by Emilio Parodi; Additional reporting by Elvira Writing by Valentina Za; Editing by Ros Russell)