Google Agrees to Pay EUR 306 Million to Settle Italy Tax Dispute

People visit Google's booth at the GMIC in Beijing

Italy's tax agency said talks would begin on signing "preventive agreements" to ensure the company pays the correct tax in the future.

The sum, announced on Thursday, also closes other disputes dating between 2002 and 2015.

Google said it remained committed to Italy. The company made a similar deal with the United Kingdom one year ago, providing $ 185 million to the UK tax authorities.

Google has agreed to a tax settlment a £259 million, ending a legal dispute with Italian authorities.

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

Google did not immediately respond to a request for comment.

Latta votes for overtime flexibility bill
The House passed a bill on May 2 that would amend the Fair Labor Standards Act and change the private sector "comp time" rules. With 30 days' notice, employers could cash-out employees' comp time in excess of 80 hours or discontinue its comp-time policy.

More work needed in mental health: Coleman
Some of the services provided by the center includes counseling, parent workshops, and support services. The month of May is used to help people understand how common it is.

Tad Cummins told wife he slept with teen, she says
You see them and you don't know what to say, because she's been through something very traumatic". "He told me he was sorry". She allegedly knocked one daughter unconscious with a wooden board and bruised another's leg by throwing a chair at her.

Alphabet has been accused by several European governments of avoiding tax by shifting income earned in the region's higher-rate countries through a unit based in low-tax Ireland.

Apple paid 318 million euros at the end of 2015 to settle a dispute over Italian earnings dating back to 2008. The company has always maintained that it complies with the tax laws of every country it operates in.

The Commission past 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.

'This latter point applies the Italian tax code in a way in which the UK's diverted profits tax (unfortunately named the Google Tax) doesn't'. Finance Minister Michel Sapin said previous year that France will not negotiate with Google but will follow the court.

The French government reportedly believes Google owes it €1.6 billion ($1.8 billion) in unpaid taxes.

Related News:

  • Manchester United and Manchester City to battle for Benjamin Mendy this summer

    Manchester United and Manchester City to battle for Benjamin Mendy this summer

    United are now standing at fifth spot in the Premier League table, having 17 wins from 34 games they played so far. I am grateful for that", said Mourinho, who retained enough humour to warm up himself at one point.
    AMan Sues singer R. Kelly For Alleged Affair With Wife

    AMan Sues singer R. Kelly For Alleged Affair With Wife

    Born Robert Kelly , the singer, who is known for hit songs such as 'I Believe I Can Fly, ' has had a checkered legal history. Kelly would have a concert in a nearby state, Childress would disappear to unite with her lover, ' the lawsuit said.
    Coghlan's leap, Stroman's hit lift Blue Jays over Cards 6-5

    Coghlan's leap, Stroman's hit lift Blue Jays over Cards 6-5

    Louis Cardinals' Stephen Piscotty completed a great throw to Yadier Molina that beat Coghlan to home, forcing him to improvise. The play survived a replay review and the Jays record on challenges slipped to 2-9, mirroring their spot in the standings.
  • China tells North Korea and United States  to 'stop irritating' one another

    China tells North Korea and United States to 'stop irritating' one another

    Tension on the Korean peninsula has been escalating for weeks, fueled by concern North Korea may conduct its sixth nuclear test in defiance of U.N.

    Round 3 Analysis: Sentiment aside, James Conner strong pick for Steelers

    T.J. arrived in Pittsburgh this afternoon, and addressed the media, wanting to make it clear that this career is his own. As for longsnapper Colin Holba? He's a war daddy, and Pittsburgh can play him inside or outside for years.
    Another Watt drafted in the first round

    Another Watt drafted in the first round

    Watt is a great scheme fit in the Steelers' 3-4 defensive front, as he provides a combination of size and speed. Another area for concern is regarding injuries . "I think those are the questions we wind up asking".
  • Apple steps up its effort to emphasize its economic impact

    Cook has said that Apple makes its products in China because that country has "skill" that comes from its focus on manufacturing. Cook did not however say that Apple would repatriate cash back into the United States if Trump's tax proposal was enacted.
    NFL Draft: Deshaun Watson is headed to Texas

    NFL Draft: Deshaun Watson is headed to Texas

    In his final season at Clemson , Watson completed 67 percent of his passes for 4,593 yards, 41 touchdowns and 17 interceptions. The surprise to me isn't only that Watson wasn't the first player off the board, but not even the first quarterback.
    Jeff Goldblum takes over food truck for a day

    Jeff Goldblum takes over food truck for a day

    That movie earned a staggering $1.6 billion at the box office, making it the fourth highest-grossing film of all time. Goldblum appeared in the original 1993 "Jurassic Park" as well as the 1997 sequel " The Lost World: Jurassic Park ".
  • Caps win tight series over Leafs to set up rematch with Pens

    Caps win tight series over Leafs to set up rematch with Pens

    Holtby didn't need to make another save before his performance led to Williams' game-winning goal. It could've been a defining moment for the Capitals this post-season.
    Trump creates accountability office at VA

    Trump creates accountability office at VA

    The new task force will look at VA's overall national footprint and whether current services are duplicating efforts. Among those who stood with the President as he signed the bill was the whistleblower himself, Brandon Coleman.
    Rail commuter delays likely this summer due to Penn Station repairs

    Rail commuter delays likely this summer due to Penn Station repairs

    That arrangement has come under scrutiny since the recent disruptions, as Republican New Jersey Gov. If the [track outages] are on the north side of the station, that's a different answer.


Most liked

Facebook commercially launches Express Wi-Fi in India
The Mountain View internet giant also has a WiFi plan called Google Fi, which Facebook claims is different from its Express WiFi . However, he said that the entrepreneur can choose any internet service provider (ISP) for bringing the WiFi to the hotspot.

Kim Kardashian Is Creating a New Reality Show
Beauty bloggers who thinks they have got what it takes can apply for the series now, and production is set to begin this summer. Also, she executive produces for the show Rob & Chyna, her brother Rob's reality show with troublesome girlfriend Blac Chyna.

Puerto Rico Makes Unprecedented Move To Restructure Billions In Debt
It was not immediately clear just how much of Puerto Rico's roughly $70 billion of debt is included in the bankruptcy filing. The announcement came a day after major creditors sued Puerto Rico over defaults to its bonds.

UFC creates 4th weight class for women, adding 125-pounders
Of note, the UFC has held a women's flyweight fight, a one-off between Joanne Calderwood and Valerie Letourneau in June 2016. The tryouts are also open to current UFC competitors that can make 125 pounds throughout the season.

Canadian exports hit record high in March as trade deficit narrows
Imports of services decreased less than $0.1 billion to $43.0 billion in March. Imports of goods and services slipped 0.7 percent to $234.7 billion.

(Athletics) Wanjiru holds of Bekele in London
Heads Together was this year's principal charity for the marathon, which took place under blue skies for much of the time. Police have ramped up security for tomorrow's London Marathon in the wake of the Westminster terror attack.

'Baahubali: The Conclusion' Hindi version earns Rs 128 crore
Overall, as stated above, the gross is more than 500 Cr which was previously achieved in the first week by few Bollywood biggies. Baahubali 2: The Conclusion collection on day 4: Over 1 million tickets were been booked in the first 24 hrs.

Samsung Launches Galaxy S8 In India
These devices also feature 64GB of internal memory which can be further expanded up to 256GB via a microSD card slot. While in the US , carriers like T-Mobile will start shipping the Galaxy S8 model on April 19, Slash Gear reported.

Tensions rise after Turkish attack on Syrian Kurds
SDF forces are now poised to liberate the city of Tabqa, a major hurdle in their final advance to take Tabqa dam. Fighting in and around Tabqa is fierce as almost 700 ISIS fighters remain in the city, Dorrian said.

U.S. to honour 'dumb' refugee deal with Australia
Mr Turnbull said Mr Pence's early visit to Australia sent a strong message that the USA would not withdraw from the region. During the visit he also met with Opposition Leader Bill Shorten and hosted a gathering of American business leaders.

What Corey Davis brings to the Titans
However, it shows how he is able to run and start to cut, which puts him on the expected timeline of being ready by training camp. He was lit up early on in Washington's CFP game against Alabama and was a non-factor in his biggest game of the season.

Anthony Joshua willing to fight Tyson Fury, anyone
Already a hero in his native England, he may become one worldwide as he continues to advance his career at a rapid pace. The victory means that Joshua now holds three of the four world championships on offer in the heavyweight division.

LA peace parades mark 25th anniversary of Rodney King riots
Beck was dismissive of the group and the suggestion they could represent a larger discontent with the LAPD among some residents. In the wake of the Rampart corruption scandal, the department entered a consent decree in 2000 under which the U.S.

Roseanne revival on the cards
The revival talk first started a month ago when Roseanne herself tweeted that the cast of the show was up for a reunion. The show previously recasted the role of the oldest Conner sibling, Becky, from Lecy Goranson to Sarah Chalke .

Seven Big Ten teams, two individuals selected to compete in regionals
There are 72 teams in four NCAA regionals with 18 schools at each site, set for three rounds of competition, May 8-10. This year, Tech will be hosting the 18-team NCAA Lubbock Regional from May 8-10 at The Rawls Course.