Google recently agreed to pay the UK tax authorities £130 million in back taxes, the deal may now be investigated by the EU regulators and now Italy is after some tax from Google.
According to a recent report, the Italian tax authorities are looking to claim around €300 million or $327 million in back taxes from the search giant.
Google like a number of other companies runs it European operations from Ireland, the company paid just €2.2 million in taxes in Ireland last year.
Italy are now accusing Google of tax evasion between 2008 and 2013, the Italian financial authorities are alleging that the company evades taxes by moving its revenue through its office in Ireland.
The search giant gave the Wall Street Journal a statement relating to the investigation by the Italian authorities, which you can see below.
“Google complies with the tax laws in every country where we operate. We continue to work with the relevant authorities,
The company and other are coming under increased scrutiny in Europe for the way they conduct their tax affairs.
Apple, Amazon, Starbucks and other companies have also come under scrutiny in Europe on the way their tax is run in Europe.
Source WSJ
Filed Under: Technology News, Top News