Google agrees to pay Italy $340 million to settle tax evasion investigation
- Google has agreed to pay Italy $340 million to settle a tax evasion investigation regarding unpaid taxes from 2015-2019 on advertising revenue.
- The investigation by Milan prosecutors concerned taxes owed by Google on its earnings in Italy during the specified period.
- Italian prosecutors announced plans to drop the investigation following Google's settlement agreement.
- Google stated that this settlement resolves 'a tax audit... without litigation.
44 Articles
44 Articles
Google to Pay 340 Million to Italy to Settle Case Over Unpaid Taxes
Milan prosecutors have announced plans to drop a tax case against Google’s European division after the tech giant agreed to pay 326 million euros ($340 million) to settle allegations of unpaid taxes in Italy. The agreement covers Google’s tax obligations from 2015 to 2019, including penalties, sanctions, and interest. The case centered on claims that Google failed to properly declare and pay taxes on revenue generated in Italy despite its digita…
Google pays 326mil euros to settle Italy tax dispute
ROME: Tech giant Google has paid 326 million euros to Italy following an investigation into alleged unpaid taxes, Milan prosecutors said Wednesday, as they recommended criminal proceedings be dropped. © New Straits Times Press (M) Bhd
The case concerned the taxation of advertising income for 2015-2019.
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