Google agrees to pay $335 million in Italy tax dispute

Google Agrees to Pay EUR 306 Million to Settle Italy Tax Dispute

Tech giant Google agreed to pay $334 million to the Italian government to cover a back tax bill, the latest settlement by a US tech company for business in Europe.

The settlement also puts an end to separate disputes covering the periods of 2002-2006 and 2014-2015.

Italy's tax agency said that talks would begin on signing "preventive agreements" to ensure the company pays the correct tax in the future.

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In 2015, the last year for which accounts are available, Google Ireland generated sales to the value of €22.6bn - about a third of its total income that year - but only paid €48m in tax here.

The move follows a separate agreement with the tax authorities in the United Kingdom, where Google agreed a year ago to pay £106m in back taxes.

Google said it remained committed to Italy. The company says that it has paid its fair share in France but that it is cooperating with the inquiry.

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Italy's tax office said the additional money Google will pay covers both its Italian and Irish units.

Google confirmed it had reached an agreement with the authorities without commenting on whether it accepted the revenue's calculations. The U.S. tech giant agreed to pay $334 million in back taxes to the Italian government the latest settlement for a tech company in the Eurozone.

The French government reportedly believes Google owes it €1.6 billion ($1.8 billion) in unpaid taxes. The biggest controversy on European soil concerns the record amount of $ 14.2 billion, a tax that Ireland has ordered to demand from Apple. In late 2015, Apple Inc. agreed to pay about EUR318 million to end a dispute in which the company allegedly failed to pay nearly EUR900 million in taxes between 2008 and 2013.

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