Shows & Panels
- AFCEA Answers
- Ask the CIO
- The Big Data Dilemma
- Carrying On with Continuity of Operations
- Connected Government
- Constituent Servicing
- Continuous Monitoring: Tools and Techniques for Trustworthy Government IT
- The Cyber Imperative
- Cyber Solutions for 2013 and Beyond
- The Data Privacy Imperative: Safeguarding Sensitive Data
- Expert Voices
- Federal Executive Forum
- Federal IT Challenge
- Federal Tech Talk
- Mission-critical Apps in the Cloud
- The Modern Federal Threat Landscape
- The Path from Legacy Systems
- The Real Deal on Digital Government
- The Reality of Continuous Monitoring... Is Your Agency Secure?
- Veterans in Private Sector: Making the Transition
Shows & Panels
Italy claims Google failed to declare millions
Thursday - 11/29/2012, 11:07am EST
MILAN (AP) - Google says it has been working with Italian authorities on an audit of the tax it pays in the country, after financial police determined the Internet giant had undeclared earnings of (EURO)240 million ($311 million) from 2002-2006
Google issued a statement Thursday, the day after an Italian Treasury official announced the police findings. In addition, Vieri Ceriani said the company had not paid value added tax of (EURO)96 million in the period.
Italy joins France, Germany and Britain in scrutinizing Google's tax practices.
Google insists it complies with tax laws in countries where it operates and that audits are common. It added that Italian authorities to date have not demanded additional tax.
Google's European operations are based in Ireland, where the company contracts out its services and pays corporation tax.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)