Italy gets google to pay 335 million in tax arrears

That's a great piece of news!

According to reports, Italy has reached a deal with Google to pay €335 million (approximately $380 million USD) in tax arrears. This is a significant victory for Italy, which has been seeking to recover unpaid taxes from the tech giant for several years.

The agreement comes after a lengthy investigation by Italian tax authorities, who accused Google of failing to pay taxes on its advertising revenue generated in the country. Italy has been cracking down on tax evasion by multinational corporations, and this deal is seen as a major success in that effort.

Google has agreed to pay the tax arrears, which date back to 2009, as part of a settlement with the Italian government. The company will also pay an additional €10 million (approximately $11 million USD) in interest and penalties.

This deal is significant not only for Italy but also for other countries that have been seeking to recover unpaid taxes from Google and other multinational corporations. It sets a precedent for other countries to follow and could lead to more aggressive tax collection efforts in the future.

It's worth noting that Google has been facing similar tax disputes in other countries, including the UK, France, and the Netherlands. The company has been accused of using complex financial structures and tax havens to avoid paying taxes on its profits.

Overall, this deal is a major win for Italy and a significant step towards ensuring that multinational corporations pay their fair share of taxes.