Italy Says Google To Pay EUR306m To Settle Tax Disputes
by Ulrika Lomas, Tax-News.com, Brussels
05 May 2017
Days after it emerged that Italian tax agencies were pursuing online retail giant Amazon for taxes worth EUR130m (USD142m), it was revealed that Google will pay a EUR306m (USD335m) tax settlement.
The payment relates to the tax periods between 2009 and 2015 and to an old dispute concerning tax years between 2002 and 2005.
In a statement welcoming the settlement, the Italian federal tax authority said talks would continue with the search giant with a view to reaching an agreement on the "correct taxation" of its affairs in Italy.
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