By Mauro Orru
Alphabet's Google agreed to resolve a long-running tax dispute in Italy, removing a cloud over its operations in the country.
A Google spokesperson said the company reached a settlement with Italian authorities that puts an end to a tax dispute for the period between 2015 and 2019 without litigation. The spokesperson declined to elaborate on the settlement.
Italian media reported that Google agreed to pay 326 million euros ($340.5 million) to settle, with Milan prosecutors moving to drop a probe into alleged tax evasion between 2015 and 2019.
Milan prosecutors didn't respond to requests for comment.
Write to Mauro Orru at mauro.orru@wsj.com
(END) Dow Jones Newswires
February 19, 2025 10:45 ET (15:45 GMT)
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