Loading...
Market
Effect of tax dispute resolution on Google's operations in Italy by end of 2024
1
Resolution / Starting Odds
Google scales down operations • 33%
Google maintains current operations • 33%
Google expands operations • 33%
Official announcements from Google or Italian authorities
Story
Italy Demands Google Pay €1 Billion in Unpaid Taxes for 2018-2022
Jun 28, 2024, 10:39 AM
Italy is demanding Google pay €1 billion ($1.07 billion) in unpaid taxes and penalties for the period from 2018 to 2022. This follows a previous €306 million settlement in 2017. The new claim focuses on Google's digital infrastructure in Italy. Three sources with direct knowledge of the matter confirmed the demand. A Google spokesperson stated that the company complies with tax regulations in every country it operates in. The investigation into Google's tax practices was launched in 2022 by the Italian Revenue Agency. Alphabet Inc is the parent company of Google.
View original story
Similar markets
Settlement reached • 25%
Charges dropped • 25%
Additional fines imposed • 25%
Ongoing investigation • 25%
Appeal successful, fines reduced • 25%
Appeal successful, fines nullified • 25%
Appeal unsuccessful, fines upheld • 25%
Ongoing appeal process • 25%
Yes • 50%
No • 50%
Less than 121 million euros • 25%
121 million euros • 25%
More than 121 million euros but less than 200 million euros • 25%
More than 200 million euros • 25%
Less than 1 billion EUR • 25%
1-2 billion EUR • 25%
2-3 billion EUR • 25%
More than 3 billion EUR • 25%
Apple wins the appeal • 25%
Apple loses the appeal • 25%
Settlement reached • 25%
Case dismissed • 25%
Yes • 50%
No • 50%
Found guilty and fined • 25%
Found guilty, no fine • 25%
Found not guilty • 25%
Case dismissed • 25%
Complete resolution • 25%
Partial resolution • 25%
No resolution • 25%
Escalation to trade war • 25%
No action taken • 33%
Fines imposed • 33%
Mandatory changes to contracts • 34%