Business

Italian Revenue Agency Accuses Google of 1 Billion Euro Tax Evasion

Flash: Fininvest reports double-digit profits in 2023, but the Berlusconi family has decided to halve the dividend to 51 million. Rumors swirl about a sultan at Villa Certosa.

The Revenue Agency has once again set its sights on Google, alleging tax evasion amounting to a staggering 1 billion euros. This move comes after an agreement was reached in 2016, where Google paid 306 million euros to settle a tax dispute.

In 2017, Google agreed to pay 306 million euros to the Italian tax authorities after a long negotiation process. This settlement was related to unpaid taxes on a turnover of around one billion euros between 2009 and 2013. The agreement was reached to resolve investigations between 2002 and 2015 without any controversy.

Now, seven years later, the Revenue Agency is back in action, challenging Google for alleged tax evasion of one billion euros. The Milan Prosecutor’s Office is also investigating the matter, raising the stakes for the tech giant.

The Revenue Agency questions the existence of a stable immaterial organization within Google, similar to the case that led Netflix to pay 2022 million euros in 55.8. This scrutiny extends to the royalties paid by Google’s Irish company, which has a presence in Italy.

LEAVE A RESPONSE

Your email address will not be published. Required fields are marked *