Italy looking at Google proposal to close tax dispute: source
A man holds his smartphone which displays the Google home page, in this picture illustration taken in Bordeaux, Southwestern France, August 22, 2016. REUTERS/Regis Duvignau
MILAN (Reuters) - Italy's tax authorities are looking at a proposal from Google to pay between 270 million and 280 million euros ($296 million) to wrap up a tax dispute, a source close to the matter said on Tuesday.
Early last year Italian tax police presented a claim against Google for the non-payment of taxes between 2009 and 2013 to the tune of 227 million euros.
One of the sticking points to reaching a final settlement with the U.S. giant is a commitment from Google to pay taxes in Italy in the future, the source said.
"Google is continuing to work with the competent authorities," a Google spokeswoman said.
(This version of the story corrects second paragraph to read "early last year" instead of "earlier this year")
(Reporting by Emilio Parodi, writing by Stephen Jewkes)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Spain to send Patriot missiles to Ukraine, El Pais reports
- NatWest profit falls less than feared ahead of state escape
- South Sudanese comedians find laughs in painful past
Create E-mail Alert Related Categories
Litigation, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!