Google agrees to pay Italy $340 million to settle tax evasion investigation
- Google agreed to pay 326 million euros to settle tax evasion allegations in Italy, as announced by Milan prosecutors.
- The settlement addresses Google's tax obligations from 2015 to 2019, including penalties and interest, due to underreporting revenue generated in Italy.
- Italy's tax investigation is part of a broader crackdown on multinationals routing revenue through lower-tax countries, reflecting Europe's push for stricter tax regulations.
- The case reflects a broader European push for reforms in corporate taxation, supported by organizations like the OECD and the European Commission.
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
Google agrees to pay Italy $340 million US to settle tax evasion investigation
MILAN -- Italian prosecutors said Wednesday they will seek to drop a tax evasion investigation against Google after the tech giant agreed to pay a 326 million euro ($340 million) settlement.
Coverage Details
Bias Distribution
- 40% of the sources lean Right
To view factuality data please Upgrade to Premium