Feb 19, 2025 05:03 PM IST
Google has agreed to pay 326 million euro (almost ₹3,000 crore) to settle a tax declare introduced in opposition to its European division by Italy.
Milan prosecutors plan to drop a case introduced in opposition to the European division of Google after the corporate agreed to pay 326 million euros (almost ₹3,000 crore) to settle a tax declare, they mentioned on Wednesday.
Consultant Picture(PA media)
The settlement covers the interval between 2015 and 2019 and the covers sanctions, penalties and curiosity, prosecutors mentioned in a press release.
Final yr Reuters reported that Italy requested Google to pay 1 billion euros in unpaid taxes and penalties, seven years after the US firm settled a earlier landmark tax dispute with Rome authorities.
The Milan prosecutors alleged that Google didn’t file and pay taxes on income generated in Italy, basing its declare on the digital infrastructure Google has within the nation.
In 2017, Google paid 306 million euros to settle a earlier case that discovered it had a everlasting presence in Italy.
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