By Alimat Aliyeva
Google has agreed to pay 326 million euros to settle a tax
dispute with Italian authorities, Azernews
reports.
The Milan Prosecutor’s Office had been investigating tax evasion
by Google Ireland Limited, and in light of the settlement, it has
recommended that the case be closed.
The agreement follows years of scrutiny over Google’s tax
practices in Italy, where the company faced allegations of
underreporting profits to avoid paying taxes. This settlement marks
a significant step in resolving the matter, though it is part of a
broader trend of international pressure on tech giants to pay their
fair share of taxes in the countries where they operate.
Google, like many other global corporations, has faced similar
disputes in other European countries, including France and the
United Kingdom, where governments have taken action to ensure that
large companies contribute more to their national economies.
The settlement also comes at a time when European Union
officials have been pushing for stronger regulations on tech
companies and fairer taxation policies to address the increasing
dominance of multinational corporations.
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