Saturday, February 22, 2025
News update
- Dhaka, Delhi agree to bring down border killings to zero |
- Natore’s Baraigram OC closed over negligence in bus robbery case |
- Imported fruit prices surge by up to Tk 100 per kg |
- 35% of air pollution in BD originates from external sources: Experts |
- CPJ denounces Trump administration's action against AP |
Google to Pay Italy $340M to Settle Tax Evasion Probe
Greenwatch Desk
World News
2025-02-19, 7:27pm
Italian prosecutors announced on Wednesday that they will close a tax evasion investigation against Google after the tech giant agreed to pay a 326 million euro ($340 million) settlement.
The probe, initiated by Milan prosecutors, investigated Google’s failure to pay taxes on earnings generated in Italy between 2015 and 2019, particularly from advertising revenues. The inquiry also pointed to the company’s use of servers and other infrastructure in Italy.
In a statement, Google confirmed the settlement, calling it a resolution to the tax audit "without litigation."
This settlement follows a similar resolution in France, where Google paid over $1 billion to settle a long-running tax fraud dispute.