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

Italian prosecutors announced plans to terminate a tax evasion investigation into Google after the company agreed to a settlement of 326 million euros. This inquiry focused on Google's alleged failure to pay taxes on advertising revenues in Italy from 2015 to 2019, linked to its operational infrastructure in the country. Previously, Google had settled a separate case with French authorities for over $1 billion, indicating ongoing scrutiny of its tax practices in Europe.
Milan prosecutors have stated they are pursuing the dismissal of a tax evasion case against Google after the company agreed to a 326 million euro settlement.
The investigation originated from Google’s alleged tax non-compliance regarding its advertising revenue in Italy, relating to operations from 2015 to 2019.
Read at AP News
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