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    Bytes Europe (byteseu@pubeurope.com)'s status on Saturday, 29-Mar-2025 08:31:51 JSTBytes EuropeBytes Europe

    Italy Demands $1.1 Billion in Back Taxes From Meta, LinkedIn and X Over VAT Dispute https://www.byteseu.com/872223/ #Financials #Italy #LinkedIn #Meta #TaxAuthorities #TechnologyFirms

    In conversationabout 5 days ago from pubeurope.compermalink

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      Italy Demands $1.1 Billion in Back Taxes From Meta, LinkedIn and X Over VAT Dispute
      from BYTESEU
      Italy's tax authorities have issued formal demands totaling nearly $1.1 billion to U.S. technology firms Meta (META, Financials), LinkedIn and X over unpaid value-added tax from previous years, according to a Reuters report. Meta owes the Italian Revenue Agency around 887.6 million ($961 million), LinkedIn, a Microsoft (MSFT, Financials) affiliate, 140 million, and X, previously known as Twitter, 12.5 million. The allegations relate to value-added tax, or VAT, supposedly due between 2015 and 2022; the present evaluations concentrate on the 20152016 period since reporting deadlines are approaching.According to the tax authorities, sites like Meta, X and LinkedIn should be liable
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