Milan prosecutors plan to drop a case brought against the European division of Google after the company agreed to pay 326 million euros ($340 million) to settle a tax claim, they said on Wednesday.
The agreement covers the period between 2015 and 2019 and covers sanctions, penalties and interest, prosecutors said in a statement.
Last year Reuters reported that Italy asked Google to pay 1 billion euros in unpaid taxes and penalties, seven years after the U.S. company settled a previous landmark tax dispute with Rome authorities.
The Milan prosecutors alleged that Google did not file and pay taxes on revenue generated in Italy, basing its claim on the digital infrastructure Google has in the country.
In 2017 Google paid 306 million euros to settle a previous case that found it had a permanent presence in Italy.
Latest Stories
-
Brigadier General Glover Ashong Annan appointed Commissioner of Customs
37 minutes -
Kingsford Boakye becomes first Everton player to score from open play at club’s new stadium
46 minutes -
Forestry Commission officer fighting for life after machete attack by illegal miners in Offin
48 minutes -
GPL 2024/25: Gold Stars hold Hearts, as Phobians slip further away from league-leading Kotoko
49 minutes -
GPL 2024/25: Razak Salifu’s strike helps Dreams FC beat Young Apostles
1 hour -
2024/2025 GPL: Medeama beat Aduana in Tarkwa
1 hour -
2024/25 Ghana League: Samartex hold Chelsea in Dormaa
1 hour -
GPL 2024/25: Tenadu’s deflected strike helps Asante Kotoko reclaim top spot
2 hours -
Pope Francis is discharged from Rome hospital
2 hours -
Sir Sam Jonah stresses the importance of teamwork in sustaining business success
2 hours -
Sir Sam Jonah warns leaders against AI investments that lead to mass job losses
2 hours -
Deputy AG pledges action against abuse of parliamentary privileges
2 hours -
Interior Minister calls for strengthening of Anti-Money Laundering laws
2 hours -
Black Stars hold recovery training in Morocco ahead of Madagascar clash on Monday
3 hours -
We are not taking away your shops after reclamation – NADMO assures victims of Adum fire
4 hours