News update
  • Guterres Urges Leaders to Act as UNGA Week Begins     |     
  • BNP to go door to door for hearts and votes     |     
  • Chittagong port tariffs increased up to 50 per cent     |     
  • Rising Heat Cost Bangladesh $1.8 Billion in 2024     |     
  • Stocks extend gains; turnover drops in Dhaka, rises in Ctg     |     
  1. Home
  2. World News
  3. Google to Pay Italy $340M to Settle Tax Evasion Probe

Google to Pay Italy $340M to Settle Tax Evasion Probe

Greenwatch Desk World News 2025-02-19, 7:27pm

images40-bdc25713af2e4585e355462b41a9a32d1739971715.jpg




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.