Settlement and Investigation Details
agreed to a 326 million euro ($340 million) settlement to resolve a tax evasion investigation by Italian prosecutors, focusing on unpaid taxes from 2015 to 2019.
The settlement concludes allegations that Google failed to pay taxes on revenues generated in , despite having digital infrastructure in the country.
Broader Context and Reactions
This case is part of Italy's wider effort to address tax evasion by multinational corporations, with Google previously settling a similar dispute in 2017.
The settlement reflects ongoing global efforts to reform tax regulations for tech giants, with Italy supporting the 's proposed digital tax and OECD's global tax deal.