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Tech giant Google to pay $340M to settle tax dispute in Italy

by Associated Press

MILAN, ITALY Feb 19, 2025 - 1:52 pm GMT+3
A woman stands in front of a Google logo during a media reception at the Google France headquarters ahead of the Artificial Intelligence Action Summit, Paris, France, Feb. 9, 2025. (Reuters Photo)
A woman stands in front of a Google logo during a media reception at the Google France headquarters ahead of the Artificial Intelligence Action Summit, Paris, France, Feb. 9, 2025. (Reuters Photo)
by Associated Press Feb 19, 2025 1:52 pm

Italian prosecutors said on Wednesday they are seeking to have a tax evasion investigation against Google dropped after the U.S.-based technology giant agreed to pay a 326 million euro ($340 million) settlement.

Milan prosecutors opened an investigation against Google for failing to pay taxes on earnings in Italy from 2015 to 2019. The investigation focused on revenues from advertising sales and cited the presence of servers and other infrastructure in Italy.

Google did not immediately respond to a request for comment.

It previously paid over $1 billion to French authorities to settle a years-long dispute over allegations of tax fraud.

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  • Last Update: Feb 19, 2025 3:40 pm
    KEYWORDS
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