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Italy close to tax deal with Google

by on03 May 2017


Taxman makes an offer Google can't refuse


Italy and Alphabet's Google are close to reaching a deal to settle a tax dispute which will not mean the company has to sleep with the fishes.

According to the Italian newspaper La Repubblica, the head of the Italian tax authority Rossella Orlandi said she is very close to a solution with Google. 

Italy is looking at a proposal from Google to pay between 270 million and 280 million euro to make the tax dispute go away. That's unlike the UK, where the taxman was happy to let Google pay what it liked. The Italians are sticking to their guns.

Last year Italian tax police alleged that Google had evaded paying taxes worth 227 million euro ($248 million) between 2009 and 2013 in a move which was said could result in heavy punitive fines.

Google, of course, insists that it has done nothing wrong but it is unlikely that an Italian court will agree with that.  Besides $248 million is nothing in comparison to what it avoided paying in the UK. What might bother Google more is if the Italians insist that it changes its tax methods to avoid future fines.

 

 

Last modified on 03 May 2017
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