Feeds

Italian tax cops grease up probe: 'Google owes us €240m'

Vado a bordo, cazzo ... you owe us

Build a business case: developing custom apps

Italian authorities have launched a new tax probe of Google in the country after an earlier investigation found the firm failed to declare income and still owed tax.

In a response from Italy's Finance Ministry to a question posed by MP Stefano Graziano in the country's parliament, the authorities said that the tax police in Milan had investigated Google Italy from 2007 and found that the firm was transferring its profits to Google Ireland so that it could pay less tax (translated by Google Translate).

The investigation of 2002 to 2006 found that Google hadn't declared at least €240m in profit and owed over €96m in taxes.

The tax authorities said that they had launched another probe on Monday to make sure that Google was living up to its tax obligations in the country.

Both Britain and France have also been looking into Google's tax arrangements with respect to its firm in Ireland, where tax rates are lower, and another company in Bermuda, a tax haven. Authorities in India and Australia are poking around in the company's taxes as well.

Google has maintained that it follows all tax laws, although it admitted that it was headquartered in Ireland because of the favourable tax rate.

When Google reiterated that it was acting perfectly legally during questioning from MPs in the UK, Labour MP Margaret Hodge said they weren't accusing the firm illegal behaviour, they were accusing Google of immoral behaviour. ®

5 things you didn’t know about cloud backup

More from The Register

next story
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.