Following a long-running case centred on the appropriate amount of corporation tax Google should pay on its sales in Italy, the search engine giant has agreed to pay a sum of €306m to the Italian tax authorities.
Google said in a statement: 'Google and the Italian Revenue Agency have reached a settlement, resolving a tax inquiry for a period between 2002 and 2015 without litigation.
The payment relates to the tax periods between 2009 and 2015 and to an old dispute concerning tax years between 2002 and 2005.
Google confirmed on Thursday that it would pay its back taxes in Italy, including what it paid during 13 years of operations through 2015, the New York Times reported. Apple dashed out 300 million euros to Italian authorities in 2015, while Google closed a $185-million deal with the United Kingdom previous year.
Google said it remained committed to Italy.
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The settlement comes after reports in January found that Google had offered to pay a tax bill of up to €280m to Italy's tax authorities. Facebook didn't immediately reply to requests for comment.
Other European countries have also accused Google of avoiding taxes by booking income earned in higher-taxing markets through its Ireland unit, where taxes are lower. The biggest controversy on European soil concerns the record amount of $ 14.2 billion, a tax that Ireland has ordered to demand from Apple. "We need firmer global rules governing digital companies and better dialogue between countries where they operate".
Apple is also facing a tax probe in France, While Italy has reportedly started looking into Amazon's tax contributions.
In late 2015, U.S. tech giant Apple paid 318 million euros to settle a dispute over its Italian earnings dating back to 2008.
According to CNN, French tax officials have been chasing Google. Finance Minister Michel Sapin said a year ago that France will not negotiate with Google but will follow the court.