Italy claims 1 billion euros in unpaid taxes from Google

MILAN : Italy is asking Google to pay 1 billion euros ($1.07 billion) in unpaid taxes and penalties, three sources with mumble knowledge of the topic mentioned on Friday, seven years after the U.S. company settled a landmark tax dispute with Rome authorities.

“We follow tax regulations in all countries where we aim, at the side of Italy,” a Google spokesperson mentioned in a assertion, per a Reuters interrogate in regards to the suppose. “We cooperate with the authorities.”

The sources mentioned Italy’s Income Company has began an adversarial route of with Google that could ruin either with a settlement or with the outlet of a judicial litigation.

The investigation became once launched in December 2022, and the claims quilt the years 2018 to 2022, one in every of the sources mentioned.

Perfect as in the old investigation, the probe led by Milan prosecutors alleges that Google did no longer file and pay taxes on revenues generated in Italy, nevertheless this time the premise for the accusation is assorted, the sources mentioned.

In 2017, Google paid 306 million euros because it became once deemed to trust a eternal establishment in Italy on the premise of its personnel working in the country.

Now the distance has been mounted on the premise of the digital infrastructure it has in the country which enables it to are attempting and generate income. It is a comparable potential that became once extinct in a most up-to-date Italian tax settlement with Netflix.

Two of the sources mentioned that if a settlement is reached, the road of investigation will then be applied to the total multinational internet companies that are been beneath the scrutiny of Milan prosecutors.

($1 = 0.9342 euros)