MILAN (AP) – Italian prosecutors said on Wednesday they will seek to drop a tax evasion investigation against Google after the tech giant agreed to pay a EUR326 million (USD340 million) settlement.
Milan prosecutors had opened an investigation against Google for failure to pay taxes on earnings in Italy from 2015-2019.
The investigation focused on revenues from the sale of advertising, and cited the presence of servers and other infrastructure in Italy. Google acknowledged the settlement in statement, saying it resolves “a tax audit … without litigation.”
Tech giant Google previously paid over USD1 billion to French authorities to settle a yearslong dispute over allegations of tax fraud.
