Saturday, April 19, 2025
News update
- $10mn Approved for Climate Resilience in CHT: ICIMOD |
- At least 143 dead in DR Congo river boat fire tragedy |
- Dhaka has worst air pollution in the world Saturday morning |
- Container ships to ply between Mongla and Chattogram ports |
- France to Break Away from UK & US in Recognising Palestine as Nation State |
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.