Google on Wednesday denied
media reports that it has reached a deal to pay Italy 320
million euros in back taxes.
"The news item is unfounded and the agreement does not
exist," a spokesperson for the California-based Internet giant
told ANSA.
"We will continue cooperating with tax authorities".
Italian prosecutors confirmed that "no agreements have been
reached with (Google)" and that an investigation is ongoing.
Corriere della Sera daily earlier reported Google had
agreed to pay Italy 320 million on taxable income of 800 million
euros produced in Italy in 2008-2013.
Italian investigators charged Google made money on
advertising sales in Italy but "registered the profits in
Ireland and Bermuda", the paper said.
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