Google agrees to pay EUR 306 mln to settle Italian tax case

News Broadband Italy 4 MEI 2017
Google agrees to pay EUR 306 mln to settle Italian tax case

Google's parent company, Alphabet, has agreed to pay a total of EUR 306 million as part of a deal to settle a long-running dispute with Italian tax authorities. The agreement was confirmed in a short statement released by the Agenzia delle Entrate, Italy’s tax agency, after an investigation by the country’s financial police accused Google of evading taxes between 2009 and 2013. The agency said the deal reached also settled disputes relating to smaller amounts dating back to the 2014-2015 and 2002-2006 periods. It added that it would now begin negotiating with Google with a view to reaching “preventative agreements for the correct taxation in Italy of activities in our country”.

News of the deal comes after Apple last year agreed to pay EUR 318 million to Italy’s tax authorities to settle an investigation. Financial police in Milan have also reportedly accused Amazon of failing to pay some EUR 130 million of taxes in the country between 2011 and 2015.

Google last year agreed to pay GBP 130 million in back taxes to the British authorities but it’s still in dispute with tax authorities in France and Spain.

Categories:

Internet

Companies:

Apple,  Amazon,  Google,  Alphabet

Countries:

Italy

Tags:

Wholesale, Legislation - Lawsuits

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