Google will pay 306 million euros (USD 334 million) to the Italian Revenue Agency to settle a tax dispute in Italy. Google was under investigation by the Guardia di Finanza (tax police) and the prosecutor for booking profits generated in the country in Ireland.
The agreement not only covers 2009—2013, the period under investigation, but also separate disputes related 2002–2006 and 2014–2015.
Almost 303 million of the 306 million paid by Google to the Italian authorities has been attributed to Google Italy while the other 3 million is attributed to Google Ireland.
Italy ends this tax dispute after a similar settlement with Apple in December 2015, where Apple paid 318 million euros (USD 349 million).
But the fight against tax avoidance and tax evasion is not finished. Italian authorities few days ago opened a new investigation against Amazon for allegedly evading 130 million euros (USD 141 million) in taxes between 2011–2015.