Italian Revenue Agency demands 1B from Google for tax evasion
The Italian Revenue Agency targets Google for alleged 1 billion euros tax evasion. Investigation ongoing regarding royalties and stable organization presence. Reflects broader multinational tax scrutiny trend.
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The Italian Revenue Agency has once again targeted Google for alleged tax evasion amounting to approximately 1 billion euros. This move comes after Google agreed in 2017 to pay 306 million euros to resolve a tax dispute from 2009 to 2013. The Milan Prosecutor's Office is currently investigating the matter. The Revenue Agency is disputing the existence of a stable immaterial organization within Google, similar to the case that led Netflix to pay Italy around 202 million euros in 2022. The focus is on royalties paid by Google's Irish company, which has a presence in Italy. This situation mirrors the increasing scrutiny on multinational companies for their tax practices. The investigation highlights ongoing efforts to ensure tax compliance and fair contributions from large corporations operating in Italy.
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7 commentsThis type of dispute can set up very bad precedent.
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