The Italian tax authorities have reached an agreement with Google which will see the tech giant pay €305 million in a deal to settle a number of tax disagreements, including claims relating to some €1B of income made in Italy but settled in Ireland between 2009 and 2013.
The settlement marks the end of an ongoing criminal investigation into Google’s tax affairs coordinated by the Chief Prosecutor in Milan, as well as covering separate disputes between the periods of 2002-2006 as well.
“In addition to the corporation tax already paid in Italy for these years, Google will pay an additional €306m. ‘Of this, over €303m has been attributed to Google Italy and less than €3m attributed to Google Ireland. We remain committed to Italy and will continue to help grow the online ecosystem.”