Alphabet Inc’s Google has agreed to pay 306 million euros ($334 million) to settle a tax dispute with Italy, the company and the country’s tax authority said on Thursday.
Last year Italian tax police alleged that Google had not paid tax on about 1 billion euros of Italian revenue between 2009 and 2013, reports Reuters.
“In addition to the taxes already paid in Italy during those years, Google will pay another 306 million euros,” a spokeswoman for the U.S. company said in an email.
People visit Google’s booth at the Global Mobile Internet Conference (GMIC) 2017 in Beijing, China
Both Google and the Italian tax office said the agreement covered the years between 2002 and 2015. Alphabet has been accused in Italy and other countries of avoiding taxes by booking income earned in higher-taxing European markets through a unit based in low-tax Ireland.
In a separate statement on Thursday, the Italian tax office said the amount of more than 306 million euros which Google would pay was referenced to both Google Italy and Google Ireland units.