Ben Fox Rubin/CNET

Italy's inland revenue service announced on Friday it has reached an agreement with Amazon to settle outstanding tax claims spanning 2011 to 2015, Reuters reports.

Amazon, the world's largest retailer, will pay a total of 100 million euros ($118 million) to resolve the dispute. In April, the Milan tax police stated it believed Amazon had evaded up to 130 million euros in Italian taxes.

When asked about the tax settlement, Amazon provided the following statement: