Google agrees to pay $334 million to settle Italy tax dispute

[May 04, 2017]    MILAN (Reuters) - U.S. Internet giant Google has agreed to pay 306 million euros ($334 million) to settle a tax dispute with Italian authorities, a company spokeswoman said, confirming a Reuters report.

People visit Google's booth at the Global Mobile Internet Conference (GMIC) 2017 in Beijing, China April 28, 2017. REUTERS/Jason Lee

In a statement, the spokeswoman said the agreement covered the period between 2002 and 2015.

"In addition to the taxes already paid in Italy during those years, Google will pay another 306 million euros," the statement said.

(Reporting by Manuela D'Alessandro, writing by Stephen Jewkes)

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