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Google agrees to pay Italy $340 million to settle tax evasion investigation

Italian prosecutors on Wednesday said they are seeking to have a tax evasion investigation against Google dropped after the tech giant agreed to pay a 326 million euro ($340 million) settlement. Milan prosecutors had opened an investigation against Google for failure to pay taxes on earnings in Italy from 2015-2019.

The investigation focused on revenues from the sale of advertising, and cited the presence of servers and other infrastructure in Italy. Google did not immediately respond to a request for comment. Tech giant Google previously paid over $1 billion to French authorities to settle a years-long dispute over allegations of tax fraud.

Source: https://www.independent.co.uk

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