Published: Thu, May 04, 2017
Research | By Chelsea Rogers

Google agrees to pay $335 million in Italy tax dispute

Google agrees to pay $335 million in Italy tax dispute

Following a settlement with Russian Federation last month over Android pre-install restrictions, Google has agreed (via Reuters) to pay Italy €306 million in unpaid taxes from 2002 through 2015.

The settlement covers taxes on profits from 2002-15, which the Italian government said Google made in the country but transferred to other European countries where corporate taxes are much lower.

Apple paid 318 million euros at the end of 2015 to settle a dispute over Italian earnings dating back to 2008.

Google and other global giants such as Apple and Starbucks have been accused of shifting their sales and profits across worldwide borders to avoid paying high rates of corporate tax. The Italian tax authority had accused Google of avoiding tax on around €1bn between 2009 and 2013.

Chicago Police say 2 officers shot and wounded
The officers were in an unmarked vehicle so it's unclear whether or not the shooters knew their victims were police officers . According to the Chicago Tribune , the injuries are not believed to be life-threatening.

The biggest outstanding dispute in Europe concerns a record breaking €13 billion ($14.2 billion) tax bill that Ireland has been ordered to serve Apple.

Google's parent company Alphabet, whose motto is "Do the Right Thing", has been probed in Italy and other countries for booking income in Ireland, where taxes are lower. Tax police have told Amazon they believe the company has evaded around EUR130 million of taxes in Italy on EUR2.5 billion in sales effected through the company's Italian website between 2011 and 2015, according to people familiar with the matter. Facebook didn't immediately reply to requests for comment.

The company has always maintained that it complies with the tax laws of every country it operates in.

Like this: