“Google settles huge £259m tax bill to end criminal investigation into alleged avoidance”

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Source: telegraph.co.uk 4th May 2017

“Google will pay €306m (£259m) to settle a tax dispute in Italy and end a criminal investigation into whether it avoided paying the full amount on its revenues in the country for more than a decade.

The agreement resolves a series of disputes including a criminal probe that saw police accuse Google of booking around €1bn of revenues from Italy in Ireland between 2009 and 2013.

The payment that Italy has secured is significantly higher than the £130m that Google agreed to pay the Treasury last year for a decade of underpaid taxes, and is the latest crackdown from Europe. George Osborne, the chancellor at the time, was criticised for letting Google off easy.”

Source article here

 

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