Google coughs up 306 million euros in Italy tax settlement

Google’s European headquarters in Dublin. Last year Google handed over $168 million in a settlement with British tax authorities

Alphabet's Google unit (GOOGL) said Thursday that it will pay $334 million, or 306 million euros to settle an issue with Italy's tax authority.

The settlement is considerably higher than the £130 million pay out that the United Kingdom secured in unpaid taxes from Google past year. A Google spokesman said the deal "resolved without disputes investigations relating to the period between 2002 and 2015".

Google worked out a similar deal with Britain previous year, agreeing to pay $185 million in back taxes.

Google said it remained committed to Italy.

Google agrees to pay US$335 million (AU$453 million) back taxes in Europe.

The company has defended the legality of channelling European earnings through its base in Ireland, which has one of the lowest corporate tax rates in the European Union. Tax officials said the settlement announced Thursday also launches a process to determine the tech company's proper taxation level in Italy going forward.

Blocked again: Federal judge halts Trump's order on sanctuary cities
If Justice Department lawyers lose the case before the left-leaning appeals court, they can ask the Supreme Court to weigh in. The suit had been brought by the city and county of San Francisco and Santa Clara County.

The biggest outstanding dispute in Europe concerns a record breaking €13 billion ($14.2 billion) tax bill that Ireland has been ordered to serve Apple. In late 2015, Apple Inc. agreed to pay about EUR318 million to end a dispute in which the company allegedly failed to pay nearly EUR900 million in taxes between 2008 and 2013.

Google confirmed it had reached an agreement with the authorities without commenting on whether it accepted the revenue's calculations.

The Commission previous year accused Ireland of helping Apple to artificially lower its tax bill for two decades and ordered the government to claw back a record-breaking €13bn.

According to the French government, Google owes $ 1.8 billion to unpaid taxes.

Last year, Finance minister Michel Sapin said France would not negotiate with Google.

Related News:

  • SSLC exam results to be out today

    SSLC exam results to be out today

    The official websites of Kerala Results such as Keralaresults.nic.in & results.kerala.nic.in are to be announced the results. Wayanad with a pass percentage of 92.3% was Worst performing district in the 2016 Kerala SSLC Class X exams.
    US First Lady Melania Trump turns 47

    US First Lady Melania Trump turns 47

    Scott Berg, Pulitzer Prize-winning author of Wilson , the best-selling 2013 biography of Woodrow Wilson , tells Vanity Fair . Meanwhile, parents of students at Barron's school in NY are getting upset about the ongoing security issues.
    Police release 911 call 'Bachelor' Chris Soules made after deadly traffic crash

    Police release 911 call 'Bachelor' Chris Soules made after deadly traffic crash

    Soules has since served as a spokesman for various agricultural interests and worked in farm real estate and investing. Soules gained fame on the television show "The Bachelor" and later on "Dancing With The Stars".
  • US, North Korea face off in high-stakes game of chicken

    Diaz notes that it has also been three days since North Korea detained Korean-American professor Tony Kim at Pyongyang airport. Chinese President Xi Jinping, has asked U.S.
    14-year-old cancer survivor to announce Ravens' 1st pick

    14-year-old cancer survivor to announce Ravens' 1st pick

    The Ravens used well over a dozen cornerbacks over the past few years, shuffling the deck because of injuries or ineffectiveness. Browser missed a month of the season with a broken orbital bone in his face suffered from a punch from a teammate.
    NJ church gets offspring to replace now-dead 600-year-old tree

    NJ church gets offspring to replace now-dead 600-year-old tree

    Basking Ridge, New Jersey bid farewell to the 600-year-old tree on Monday due to its old age, according to local media reports. The 600-year-old White Oak that has stood in Bernard, New Jersey since long before the USA was formed is now being cut down.
  • Salman Khan to launch TV actor Mouni Roy in Bollywood?

    Salman Khan to launch TV actor Mouni Roy in Bollywood?

    Model turned actress from West Bengal's Cooch Behar, Mouni Roy is a household name in India due to her work in television. Salman Khan is known for launching fresh faces in Bollywood.
    Apple working on a credit card to compete with Venmo

    Apple working on a credit card to compete with Venmo

    The prospect of Apple launching a debit card has irked may banks, since Apple's strong brand could commandeer a user's wallet. Some argue that Apple plans to release an app by the end of the year, while others insist that Apple is nowhere near release.
    French Presidential Front-Runner Reportedly Hit By Russia-Linked Hackers

    French Presidential Front-Runner Reportedly Hit By Russia-Linked Hackers

    She said that the attempts were "absolutely not successful" at accessing campaign workers' passwords to retrieve their email. Macron, who won the first round of France's presidential election on Sunday, will face Le Pen in a runoff on May 7.
  • Mario Kart 8 Deluxe Is The Fastest-Selling Mario Kart Game

    Mario Kart 8 Deluxe Is The Fastest-Selling Mario Kart Game

    For more help on Mario Kart 8 Deluxe Edition, check out our Coin Farming Guide, Best Karts Combinations Guide, and Items Guide. Smart steering and auto-accelerate, however, "effectively take not only challenge, but also skill, out of the game".
    BlackBerry smartphone with physical keyboard will be sold in Canada next month

    BlackBerry smartphone with physical keyboard will be sold in Canada next month

    Originally slated to launch by the end of this month, the Android-powered KEYone, will now arrive in the USA starting on May 31. Plus, BlackBerry has added its own security features features, making the phone secure compared to any other Android device.

    Hot Switch sales boost Nintendo sales, trim quarterly loss

    The sales volume for hardware and software during this period reached 2.74 million units and 5.46 million units respectively. The projected Yen65 billion operating profit, if realized, would be the highest since the year ending March 2011.


Most liked

Coleman: new approach to tackle mental health system challenges
That's to ensure the justice, health and welfare departments all worked together to make sure people are getting the right help. Download and share these mental health resources today.

Sam Allardyce interested in bringing Jermain Defoe to Crystal Palace
David Moyes has revealed Sunderland owner Ellis Short wants him to remain in charge at the Stadium of Light despite his club's relegation from the Premier League.

National Day of Prayer is Thursday
Then, from 6:30 to 8 p.m., a citywide prayer rally will be held at the East Avondale NET Reach Center, 455 S.E. Their goal: Mobilize prayer in America and encourage personal repentance and righteousness in the culture.

ESCALATION IN SYRIA: Erdogan I - The Phantom Menace of North Atlantic Treaty Organisation
US officials say the troop movement is part of its operations with the Kurdish forces in northern Syria. US troops are now patrolling the Turkish-Syrian border, the Military Times reported Friday.

Warner ton fires Sunrisers past KKR
With a strike rate of 178 and average of 82, the Kiwi captain is certainly the most impactful player of SRH team now. Siraj has exploited the conditions well and has extracted out whatever purchase that there has been available.

Hillary's Presidential Bid Was Doomed From The Beginning
Clinton also chided Trump for saying he would be "honored" to meet with North Korea's dictator Kim Jong Un. She said she was "very aware of the challenges, the problems, the shortfalls that we had".

Dallas mayor: Body of suspected shooter found in home
While the medical examiner has not released the name of the second person who died, Johnny Wolf says he lost his close friend. However, police have now said that when paramedics arrived, they found a man on the ground outside the home who'd been shot.

Penguins captain Crosby doubtful for playoff after hit in head
The league could not look at this play and see Niskanen as a reckless player who was trying to hurt the top player in the NHL. He did that for most of Game 3, making eight saves in the first period and 15 more in the second to maintain a one-goal lead.

Taliban announce spring offensive 1 week after Afghanistan massacre
The report said that as of March this year, 210 children had been killed - up 17 percent from the same period last year. Eighteen ISIS fighters were killed in what was described as a "gunfight", according to Fox News.

Ban on red beacons aimed at ending VIP culture mindset: PM
Modi exhorted young people to use their upcoming summer breaks to "have new experiences, see new places and learn new skills". PM says the heat earlier experienced during the months of May and June is being felt in the month of April.

Sunderland relegated by late Bournemouth victor
With the money spent, the managers coming into the league, it's such a competitive league as you saw today on the pitch. Review, reports and reaction from Saturday's action in the Premier League, as Sunderland's relegation was confirmed.

Protest over climate change, and Trump's rejection of issue, stokes rallies
The People's Climate March is a little different, mainly because it exclusively focuses on climate science and climate change. The latest People's Climate March is scheduled for Saturday, Trump's 100th day in office.

Verizon Wishes They Had First Quarter Earnings Like T
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website . Following the sale, the insider now directly owns 372,718 shares in the company, valued at approximately $23,917,314.06.

Prominent firm to defend 'Bachelor' star in Iowa crash case
Regardless, we're sure the victim ( Kenneth Mosher)'s family would like some answers about what exactly caused this fatal crash. Officers have searched for him and he was in no point of cooperating with the law enforcers with the investigation.

Caitlyn Jenner tells all in new memoir
The sisters have reached the conclusion that the former Olympian is using a hard situation to get more publicity. She was re-assigned back to the Kardashians' circus of a show.