Google in crosshairs of the Treasury: processed 227 million from 2009 to 2013 – The Messenger

This amounts to about 227 million euro tax that would have escaped Google, between 2009 and 2013, on an amount of about 300 million Euros. These are the findings of a tax audit by the Irish company of the group ended today from GDF Milan with the act about to serve both the Milan prosecutor’s office is to the Revenue.

The alleged tax evasion would be made by Google through a “permanent establishment occult in Italy.” The Californian giant, in fact, is accused of having bypassed the Treasury in connection with advertising revenue paid to Italian customers but then recorded in an Irish company, Google Ireland Ltd, with taxes paid in Ireland. The GDF has detected two profiles of alleged non-declaration: an alleged evasion of a “net taxable base to 100 million euro,” and another of “withholding taxes related to royalties not made and not paid for 200 million euro ‘ .

From what has been learned, the core revenue inspectors of GDF Milan closed today an activity of tax inspection Google Ireland Ltd, a group company of Moutain View. Technically, the investigators are going to send to the prosecutor and the public prosecutor Francesco Greek Isidoro Palma, holders of an investigation for tax fraud on Google, and the Inland Revenue a “preliminary assessment report” (it is an administrative procedure), called “PVC”, in which the GDF outlines two reliefs of alleged tax evasion: a failure to IRES statement of income for about 100 million euro with an alleged unpaid tax of 27 million euro (IRES is 27%) between 2009 and 2013; a failure to application and payment of withholding taxes for about 200 million between 2009 and 2013 with an alleged unpaid tax for the same 200 million.

With the transmission of the tax audit of the Agency Revenue latter, according to what was reported, will issue a tax notice against Google will be the first step in a possible agreement between the group and the Italian tax authorities to close the fiscal restraint with a possible compensation. In the notice of assessment, could be challenged because different digits comprising of statutory interest and penalties. Meanwhile, investigators in Milan, who have long been open an investigation for alleged tax fraud against persons unknown with Google at the center, should be based on figures given by GDF in checking to close the investigation.

Already almost a year ago, by the way, it was found that the investigators Milanese had found that the group of Mountain View would have circumvented the tax on advertising revenue paid to Italian customers but recorded in Ireland and Bermuda, through the ‘ Holland. And at that time there was talk of an alleged tax fraud that was between 800 million and 1 billion Euros. However, from what we have heard, the investigation now should be based on the verification of the GDF. In late December last year, meanwhile, Apple Italy has already paid to the State of EUR 318 million as part of a process with a central alleged tax evasion of around 879 million euro. Prosecutor in Milan, then, are open other similar surveys of software giants like Amazon and Western Digital.

Google