Google Agrees to Pay Italy $340 Million to Settle Tax Evasion Probe

Google has agreed to pay Italy $340 million to settle a tax evasion investigation related to unpaid taxes on advertising revenue from 2015-2019. Milan prosecutors investigated taxes owed by Google on its earnings in Italy during that time frame. After the settlement agreement, Italian prosecutors decided to drop the investigation. Google mentioned that the settlement resolves "a tax audit... Without litigation."