ITALY: Google agrees to pay Italy USD 340 million to settle tax evasion investigation

Italian prosecutors on Wednesday said they are seeking to have a tax evasion investigation against Google dropped after the tech giant agreed to pay a 326 million Euro (USD 340 million) settlement.

Milan prosecutors had opened an investigation against Google for failure to pay taxes on earnings in Italy from 2015-2019. The investigation focused on revenues from the sale of advertising, and cited the presence of servers and other infrastructure in Italy.

Google did not immediately respond to a request for comment.

27 June 2025

EU: EU adds Anguilla, Bahamas, Turks and Caicos to tax blacklist

The European Union added the Bahamas and the Turks and Caicos Islands to its tax haven blacklist Tuesday, and also put Anguilla back on as a “non-cooperative jurisdiction” just a year after it was

Read More
20 May 2024

SINGAPORE: Singapore tightens grip on digital payment token providers

The MAS of Singapore has recently announced stringent AML and CFT controls on digital payment token (DPT) service providers. According to Moody’s, these regulatory changes aim to mitigate the risk

Read More
26 July 2024

Guernsey Finance showcases island’s Sustainable Finance successes to HM King Charles III

Press Release from Guernsey Finance, Wednesday 17 July, 2024. His Majesty King Charles III has met with a delegation of sustainable finance experts during his visit to Guernsey. The King, along with

Read More
20 April 2024

SINGAPORE: Updates to Tax Incentives for Single Family Offices

The Monetary Authority of Singapore (MAS) has recently introduced new guidelines for Single Family Offices (SFOs) applying for tax incentives under the Section 13O and Section 13U schemes. The changes

Read More