MILAN (AP) — Italian prosecutors said Wednesday they will seek to drop a tax evasion investigation against <a href="/topics/google/">Google</a> after the tech giant agreed to pay a 326 million euro ($340 million) settlement.

Milan prosecutors had opened an investigation against <a href="/topics/google/">Google</a> for failure to pay taxes on earnings in Italy from 2015-2019. The investigation focused on revenues from the sale of advertising, and cited the presence of servers and other infrastructure in Italy.

<a href="/topics/google/">Google</a> acknowledged the settlement in statement, saying it resolves “a tax audit … without litigation.”

Tech giant <a href="/topics/google/">Google</a> previously paid over $1 billion to French authorities to settle a yearslong dispute over allegations of tax fraud.

Italian prosecutors said Wednesday they will seek to drop a tax evasion investigation against Google after the tech giant agreed to pay a 326 million euro ($340 million) settlement.{ai:summary}<p>Italian prosecutors plan to drop a tax evasion investigation against Google after the company agreed to a €326 million ($340 million) settlement. The investigation concerned unpaid taxes on advertising revenues from 2015 to 2019, linked to Google's operations in Italy.</p><p>Google stated the settlement resolves the tax audit without litigation. This follows a previous instance where the company paid over $1 billion to French authorities to settle tax fraud allegations. #economy</p>

Google agrees to pay Italy $340 million to settle a tax evasion investigation

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