Italy demands a compensation of $1.3 billion from the American fintech group ION.
Jin10 data reported on April 10, two informed sources revealed that prosecutors in Bologna, a northern Italian city, are investigating tax evasion allegations from 2013 to 2023, and Italy is seeking 1.2 billion euros (equivalent to 1.3 billion dollars) in compensation from the American fintech group ION. This investigation is the latest in a series of tax evasion cases against American tech companies, which are also central to the EU's broader response to the trade war initiated by the Trump administration.