Google on Thursday became the latest company to agree to pay back taxes, in this case 306 million euros,
or $334 million, to the Italian authorities for its operations in the country from 2002 to 2015.
Google Agrees to Pay Italy $334 Million in Back Taxes -
By MARK SCOTTMAY 4, 2017
When it comes to the huge profits of American technology giants, Europe wants a slice of the cake.
On Thursday, Google confirmed that it would pay the back taxes to Italy, on top of what it already paid during 13 years of operations through 2015.
While changes to the tax system are at an early stage in Washington, some European policy makers worry
that funds returned to the United States would allow American companies to avoid paying their fair share of tax in Europe, an accusation that tech industry officials reject.
Under a similar agreement in late 2015, Apple agreed to pay Italy €314 million in back taxes.
