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Agreement between Google and the Italian tax authorities: it will pay 306 million

The American group signed an agreement for membership after a year-long negotiations. Even Amazon and AirBnb in the spotlight of the Revenue Agency

Agreement between Google and the Italian tax authorities: it will pay 306 million

Google and the Revenue Agency sign the peace with a check for 306 million euros that the American giant will pay into state coffers. Thus concludes, after a year of negotiations and a tug of war that starts even earlier, the long back and forth on taxes that has affected Google, like other over the tops also targeted by France and the EU.

Just Thursday morning, the statement of assessment with adhesion by the representatives of the US giant and those of the Revenue which provides for the payment of 306 million euros. “Google and the Agenzia delle Entrate have reached an agreement to resolve the investigations relating to the period between 2002 and 2015 without disputes”, a Google spokesperson explained. “In addition to the taxes already paid in Italy for those years, Google will pay another 306 million euros. Of these, over 303 million are attributed to Google Italy and less than 3 million to Google Ireland” he specified, underlining that “Google confirms its commitment to Italy and will continue to work to help grow the online ecosystem of Village". Furthermore, the parties have started a dialogue for the future, to discuss an Apa, advanced priced agreement.

Google had been notified of an assessment for 300 million in January 2016 and the dispute ended before the Court of Milan with the group being registered among the suspects for "omitted tax return. A few days ago, Rossella Orlandi, director of the Revenue Agency, had instead made it clear that she was close to an agreed solution.

Google is not alone in being investigated for tax evasion. Amazon is also in a situation similar to that of Google, which the Milanese prosecutor is investigating for alleged tax evasion. While talks are underway with AirBnb, Orlandi announced.

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