Published: Sat, May 06, 2017
Finance | By Laverne Griffith

Google pays €306m Italian tax settlement over sales booked in Dublin

Google pays €306m Italian tax settlement over sales booked in Dublin

Google will pay 306 million euros (USD 334 million) to the Italian Revenue Agency to settle a tax dispute in Italy.

The settlement also puts an end to separate disputes covering the periods of 2002-2006 and 2014-2015. Of these, "over 303 million are attributed to Google Italy and less than three million to Google Ireland".

Sergio Mazzei, a spokesman for the Italian revenue agency, said Google will now begin to pay a tax in Italy on the basis of its domestic revenue.

The company, along with other global giants such as Apple and Starbucks, were accused of shifting their sales and profits across worldwide borders so they won't have to face high rates of corporate tax. Apple dashed out 300 million euros to Italian authorities in 2015, while Google closed a $185-million deal with the United Kingdom a year ago.

Google did not immediately respond to a request for comment.

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This is "in addition to the corporate tax already paid in Italy for these years", Google said. The company has always maintained that it complies with the tax laws of every country it operates in.

France is next in line for a piece of the tech giant. The biggest controversy on European soil concerns the record amount of $ 14.2 billion, a tax that Ireland has ordered to demand from Apple. Apple paid €318m for taxes due between 2008 and 2013.

The French government reportedly believes Google owes it €1.6 billion ($1.8 billion) in unpaid taxes.

'This latter point applies the Italian tax code in a way in which the UK's diverted profits tax (unfortunately named the Google Tax) doesn't'.

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