Google pays $340m to settle tax dispute with Italy

Google agreed to pay 326 million euros (US$340 million) to settle a tax dispute with Italian authorities, announced Milan prosecutors on Feb. 20.

This follows a request from prosecutors to drop the case against Google Ireland Ltd.

Previously, the Italian government sought 1 billion euros (US$1.04 billion) in unpaid taxes and penalties from the company.

This settlement occurs years after Google settled an earlier tax issue with Italy.

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