ITALY - Italy Demands Over $1B In Unpaid Taxes From Google | Benzinga
Italy has demanded 1 billion euros ($1.07 billion) in unpaid taxes and penalties from Google (NASDAQ:GOOGL) (NASDAQ:GOOG). This comes seven years after Google settled a similar tax dispute with Rome.
What Happened: Three sources with direct knowledge of the matter disclosed that Italy’s Revenue Agency has begun a confrontational process with Google. This could either result in a settlement or initiate judicial litigation, Reuters reported on Friday.
The investigation, which started in December 2022, spans from 2018 to 2022. The probe claims that Google neglected to file and pay taxes on revenues generated in Italy. The basis for the accusation, however, ...