Long-term investment for the Italian economy and people
Our investments in Italy have consistently increased, confirming our long-term commitment to this country. Since 2010, our total investment amounted to his 16.9 billion euros. This includes both capital expenditures (such as the infrastructure we build, our distribution centres, corporate offices and cloud infrastructure) and operating expenditures (such as the salaries we pay to our employees in Italy). In 2022 alone, we invested more than 4.3 billion euros in Italy. This effort is growing, as evidenced by a study conducted by the European Parliament Ambrosetti*, which ranks Amazon third among large foreign companies with the most investments. Percentage of capital expenditure in Italy for the three years 2020-2022.
“We are proud to reaffirm that our dedication to Italy remains steadfast. “Amazon has invested more than 16.9 billion euros in Italy since 2010. Our commitment reflects our confidence in Italy’s resilience and demonstrates our eagerness to actively contribute to Italy’s success,” said Amazon.it and Vice President of Amazon Country Manager. Mariangela Marcelía said. .es. She further added: “This is part of our daily commitment to promoting a thriving ecosystem that strengthens talent, local businesses and the communities in which we operate for the future. In line with the main challenges we face, we will continue to contribute our skills to promote technological innovation, infrastructure improvements and digital knowledge of Italian businesses and citizens.”
The company currently has 60 facilities across Italy, including offices, headquarters, data centers and customer service centers. The economic impact of the Amazon is not only benefiting large urban areas, but also small towns in various regions where employment opportunities are limited.
according to Research conducted by Nomisma, Given the economic impact of Amazon’s locations, our investments drive growth, stimulating the success of existing businesses and attracting investment and innovation from new companies. For example, research shows that five years after the opening of the Amazon fulfillment center in Passo Corese (Rieti), the unemployment rate in the state fell by 5%, and the sales of businesses located near the center increased (+ 16%). ), profits (+26%), and jobs created (+16%) are greater than in areas further away.
quality comprehensive work
Based in Italy, Amazon will grow to 18,000 employees and create 4,000 jobs in 2022 alone. According to a study* carried out by the European Parliament Ambrosetti, Amazon maintains its leading position among the private companies that created the most jobs in Italy between 2013 and 2022, making it the leading employer in Italy. Confirmed to be one of the creators. Country. Amazon is also ranked 3rd in terms of total employees among foreign companies operating in Italy and 20th among all Italian companies (out of 27).th Last year’s location).
As of October 1, 2023, Amazon has increased the starting salary for logistics network employees in Italy to 1,764 euros. This corresponds to an increase of 21% compared to wages paid in 2019 and +8% compared to the average wage stipulated in the National Collective Bargaining Agreement on Transport and Logistics.
At Amazon, we review salaries for our logistics network employees annually to ensure our employees are compensated competitively. We also offer additional opportunities to our employees, such as our Career Choice program, which covers up to 95% of the cost of tuition and textbooks for those who wish to specialize in a particular field by attending specialized courses for up to 8,000 euros. I am. Four years.
In 2022, Amazon paid its Italian employees an average of 49.6 million euros in wages and salaries per month. This was a significant increase compared to the average monthly payment of €35.8 million paid in 2021. This mainly supports our customers. Amazon provides jobs to people regardless of their origin or age. Throughout Italy there are over 100 nationalities and the average age is 34 years old. Amazon also employs older people, with 8% of his staff in Italy over the age of 50, and the oldest employee is 64 years old.
According to recent research from Keystone Strategy, the indirect impact of our investments will create more than 40,000 new jobs in 2022 in sectors such as construction, logistics and services. The total number of indirect jobs reached a record 100,000, in addition to those created by Italian small and medium-sized enterprises using Amazon’s services to grow their businesses and export Italian products around the world. 60,000 jobs added.
Total tax payment in Italy
As we continue our work in Italy, we are funding public services and infrastructure across the country. We do this through taxes collected by the government as a result of our business activities in Italy. These taxes fall into two categories:
- Taxes that arise directly: Directly incurred by Amazon, including corporate taxes (IRES and IRAP), taxes paid for land acquisition or construction (property tax, registration tax), payroll taxes and social security paid by employers, import taxes and digital services. and pay taxes. Tax.
- Collecting and submitting indirect taxes: Taxes collected and submitted by us from our customers, employees and other third parties as a direct result of our business activities in Italy. These include VAT and taxes paid by employees.
It is important to understand both of these categories, as focusing exclusively on one aspect of tax, such as corporate tax, does not tell the whole picture. recent research According to a study conducted by the OECD, corporate taxes account for only about 5% of total tax revenue from taxpayers in Italy.
Amazon is a growing company with high sales, but like any retailer, operating profits are relatively low due to pricing pressures in a highly competitive market, intense capital investment, and increased operating costs (including overhead). It remains low. labor force growth and inflation).
- In 2022, the total Revenue from Amazon’s business activities in Italy exceeded 9.44 billion euros (8% increase compared to 8.75 billion euros in 2021).
- Our investments exceeded 4.3 billion euros (8% increase compared to 4 billion euros in 2021). The total investment includes €581 million in capital expenditure (i.e. infrastructure including fulfillment centres, headquarters and data centres).
- Our total tax contribution, including direct and indirect taxes, is: 1,147 million euros (53% increase compared to 751 million euros in 2021). This can be categorized as:
- our total Directly incurred taxes amounted to more than 321 million euros (24% increase compared to 258 million euros in 2021). Employer taxes accounted for a large portion of this. Other direct taxes include corporate income taxes, taxes paid on land acquisition or construction, digital services taxes, and import duties.
- I collected additional Indirect taxes 826 million euros (68% increase compared to 493 million euros in 2021) Results of business activities in Italy. These are taxes that we collect and submit from our customers, employees and other third parties, including VAT and taxes paid by our employees. The increase in 2022 is primarily due to net value added tax. Starting July 1, 2021, Amazon will now collect and submit Italian VAT on transactions involving international sellers. This VAT is calculated by Amazon and collected from the customer at checkout.
Italy is a country of outstanding talent and great opportunities. We are happy to contribute to fostering this environment by innovating for Italian communities, businesses and Italian customers.
*The European Chamber of Commerce Ambrosetti conducted a study on jobs created by large Italian and foreign companies operating in Italy over the past 10 years (2013-2022) and published in 2022 the same The survey (period 2012-2021) has been updated. As a new field of research, the 2022 study also analyzes the total investment in Italy in terms of capital expenditure (CAPEX) by large foreign companies operating in Italy over the past three years (2020-2022). ing. The study is based on the AIDA (Bureau van Dijk SpA) database, which contains the balance sheets of all surviving and liquidated companies. The latest available employment, sales and investment data relates to 2022.
To ensure homogeneity and comparability of the data, the analysis included all companies (with financial statements filed in Italy) with at least 250 employees and a turnover of at least 50 million euros in 2022. As of September 28, 2023, 35% of companies had filed financial statements for 2022 compared to the entire sample of large companies (companies with 250 or more employees and sales of 50 million euros or more). corresponds to