How much will Google pay to Italy's tax authorities

How much will Google pay to Italy's tax authorities

How much will Google pay to Italy's tax authorities

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.

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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.

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