How much will Google pay to Italy's tax authorities

People visit Google's booth at the GMIC in Beijing

People visit Google's booth at the GMIC in Beijing

Google has agreed to pay €306 million to Italy after accusations of massive tax evasion, eclipsing a far smaller amount it handed to the United Kingdom past year.

Thursday's agreement between Google and Italy relates mainly to corporate taxes the Italians say Google failed to pay between 2009 and 2015.

The settlement also puts an end to separate disputes covering the periods of 2002-2006 and 2014-2015.

Google has buckled - again - under government pressure and agreed to pay millions in back taxes in Europe. "Google confirms its commitment to Italy and will continue to work to help grow the online ecosystem of the country".

Governments have taken particular aim at complex corporate structures that allow companies to book revenue in low-tax jurisdictions, such as Luxembourg and Ireland, that they have earned in high-tax countries such as Italy.

Google agrees to pay US$335 million (AU$453 million) back taxes in Europe.

US trade deficit narrows in March
Even with the cooling of exports and imports during the month, the outlook for global trade looks relatively stable. Year-to -date, the goods and services deficit increased 7.5 percent compared with the same period in 2016.

Italy's tax agency said: "We have also begun the process of drawing up an agreement that will ensure Google pays the correct taxes in Italy in the future". The biggest controversy on European soil concerns the record amount of $ 14.2 billion, a tax that Ireland has ordered to demand from Apple.

It comes just two years after Apple coughed up €318 million for taxes owed to the Italian authorities.

According to CNN, French tax officials have been chasing Google.

Google is now facing another case in France where the authorities believe it owes €1.6 billion in back taxes.

Last year, Finance minister Michel Sapin said France would not negotiate with Google.

Recommended News

  • Mary Keitany sets "women only" world record in London Marathon

    A 73-year-old is lacing up his shoes for tomorrow's London Marathon - after taking part EVERY year since it started in 1981. Tirunesh Dibaba was 55 seconds behind Keitany while fellow Ethiopian , Aselefech Mergia, was third.
    Samsung Galaxy Note 8 to arrive with dual rear cameras

    Samsung Galaxy Note 8 to arrive with dual rear cameras

    The price of the Samsung Galaxy S8 and S8+ is not available at the moment but will be revealed during the launch of the devices. The fingerprint scanner has been placed at the back, near the camera, which can be slightly uncomfortable to reach to.
    Northwestern, Illinois in field for NCAA women's golf tournament

    Northwestern, Illinois in field for NCAA women's golf tournament

    The Blue Devils have won a total of six NCAA Championships over the last 18 years --1999, 2002, 2005, 2006, 2007, and 2014. The Hoyas were selected as the No. 16 seed for the NCAA Regional in Lubbock, Texas, which will run from May 8-10.
  • North Korea Says Detained American Had Intended To 'Subvert The Country'

    North Korea Says Detained American Had Intended To 'Subvert The Country'

    It criticised China's "ignorant politicians and media" for supporting stricter sanctions on North Korea. Pacific Command said Tuesday it sent the Los Angeles-class attack submarine USS Cheyenne to the U.S.
    Passengers injured as Aeroflot flight hits severe turbulence before landing in Bangkok

    Passengers injured as Aeroflot flight hits severe turbulence before landing in Bangkok

    After the plane safely landed, 15 Russian passengers were sent to a hospital for treatment, three of whom have had operations. The airline agreed to pay all medical costs of the injured.
    Roseanne Barr: 'Of course I want to do a reboot' of Roseanne

    Roseanne Barr: 'Of course I want to do a reboot' of Roseanne

    Roseanne, which ran on ABC from October 1988 to May 1997, is making a comeback, our sister publication Deadline is reporting . It was the most watched show in the U.S. between 1989 and 1990 with the finale drawing an audience of 16 million viewers.
  • Showtime to Air Stone Interviews With Vladimir Putin

    Showtime to Air Stone Interviews With Vladimir Putin

    Putin has granted a small number of interviews to Americans in recent years - including to CBS' Charlie Rose and CNN's Fareed Zakaria.

    Pence reaffirms refugee deal with Australia despite reservations

    Also, Pence was to meet with the Australian opposition Labor Party leader Bill Shorten and with some business executives. Mr Pence also praised Australia for calling on China to exert greater economic and diplomatic pressure on North Korea.
    Iran rightful to respond to Mirjaveh terrorist attack

    Iran rightful to respond to Mirjaveh terrorist attack

    The Army of Justice, which has previously attacked Iranian security forces, has claimed responsibility for the violence. Ten border guards have been killed in clashes with outlaws in southeastern Iran.
  • Critics say law would steal overtime pay from workers

    Critics say law would steal overtime pay from workers

    Under the Working Families Flexibility Act , if the worker's request to use her comp time is denied, she would have no recourse. The bill keeps in place all other requirements under the Fair Labor Standards Act and maintains protections for employees.
    UFC creates 4th weight class for women, adding 125-pounders

    UFC creates 4th weight class for women, adding 125-pounders

    News of the division class comes just a few months after the promotion introduced its third women's division, the featherweights. Current UFC fighters are free to apply for TUF provided they can make flyweight through out the season.
    Kelly over alleged affair with wife

    Kelly over alleged affair with wife

    Born Robert Kelly , the singer, who is known for hit songs such as 'I Believe I Can Fly, ' has had a checkered legal history. He's previously been accused of having sexual relationships with underage girls, accusations he denies to this day.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.