Reports: Google risks Italy trial over tax evasion

US internet giant Google risks having five of its managers undergo trial in Italy on tax evasion charges over the controversial practice of shifting profits to low-tax Ireland, news reports say. 

According to several media, including the ANSA news agency, Milan prosecutors issued an end-of-investigation notice to the managers on Monday, accusing them of failing to declare 98.2 million euros (106.83 million dollars) to the Italian taxman during 2009-2013.

The suspects are executives from Google's Italian and Irish subsidiaries, the reports added. 

Such notices normally precede a prosecution request for suspects to be sent to trial, which a judge then has to approve. 

Google's Italian subsidiary was not immediately available for comment.

Several multinationals have come under scrutiny in the European Union for the tax minimization practice of declaring profits in countries with low corporate taxes, like Ireland or Luxembourg, even if they were made elsewhere in the bloc. 

In December, Apple was reported to have agreed to pay 318 million euros to Italian tax authorities to settle a tax evasion case investigated by Milan prosecutors worth 880 million euros during the 2008-13 period.  

Last update: Tue, 01/03/2016 - 11:23
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