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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.

TAGS: compliance | tax | tax compliance | Ireland | corporation tax | tax authority | corporate headquarters | multinationals | transfer pricing | Italy | retail | BEPS

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