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2mo ago

Google Resolves $340 Million Tax Dispute with Italian Authorities

The settlement addresses alleged unpaid taxes on advertising revenue from 2015 to 2019, leading prosecutors to seek dismissal of criminal proceedings.

FILE - A woman walks by a giant screen with a logo at an event at the Paris Google Lab on the sidelines of the AI Action Summit in Paris, Sunday, Feb. 9, 2025. (AP Photo/Thibault Camus, file)
Italian authorities had accused Google of failing to declare and pay taxes on advertising income generated in the country
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Overview

  • Google has agreed to pay €326 million ($340 million) to settle a tax evasion investigation in Italy.
  • The probe focused on unpaid taxes related to advertising revenues and Google's digital infrastructure in the country from 2015 to 2019.
  • Italian prosecutors have requested the dismissal of criminal proceedings against Google following the settlement.
  • The agreement includes payments for taxes, fines, and interest, resolving the matter without litigation.
  • This marks the second major tax settlement between Google and Italy, following a €306 million settlement in 2017.