Google Tax Evasion Probe in Italy Dropped After $340M Settlement
Italian prosecutors have dropped their tax evasion investigation against Google after the company agreed to pay a €326 million ($340 million) settlement.
Background
Milan prosecutors had been investigating Google's failure to pay taxes in Italy from 2015 to 2019. The focus of the probe was on advertising revenue and Google's infrastructure presence in the country.
Settlement
Google has agreed to pay the settlement to resolve the investigation. The company had previously paid over $1 billion to French authorities in a similar fraud case.
Google's Response
Google has not yet commented on the settlement.