Italian prosecutors have indicated their intention to drop a tax evasion investigation against Google after the tech company agreed to pay a 326 million euro settlement. The investigation, which focused on Google's failure to pay taxes on advertising revenues in Italy from 2015 to 2019, highlighted concerns over the company's infrastructure presence in the country. Google confirmed the settlement as a resolution to a tax audit spanning the periods from 2015-2020, which slightly differs from the prosecutors' timeframe. This settlement follows a similar $1 billion payment to French authorities, underscoring ongoing European tax scrutiny of the tech giant.
Milan prosecutors expressed intent to halt their investigation into Google's tax evasion claims after the company agreed to a settlement of 326 million euros.
Google acknowledged the settlement, clarifying that it resolves a tax audit from 2015 to 2020 without entering litigation.
The case centered on Google's advertising earnings in Italy, focused on their infrastructure and server presence, highlighting ongoing tax scrutiny in Europe.
This settlement follows Google's previous payment of over $1 billion to France, indicating continued challenges the company faces regarding tax regulations in Europe.
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