EconomyLens.com
No Result
View All Result
Sunday, July 20, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Business

Italian prosecutor says Meta owes more than 887 mn euros in VAT

Emma Reilly by Emma Reilly
December 9, 2024
in Business
Reading Time: 3 mins read
A A
1
91
SHARES
1.1k
VIEWS
Share on FacebookShare on Twitter

An Italian prosecutor argues that Meta's use of personal data amounts to a commercial transaction. ©AFP

Milan (Italy) (AFP) – A Milan prosecutor on Monday said that Meta, the parent company of Facebook and Instagram, owes more than 887 million euros in value added taxes on estimated revenue it generated in Italy between 2015 and 2021. Signing up for Facebook and Instagram is theoretically free, but users must accept access to their usage data and personal information, which the prosecutor described as a “synallagmatic contract” in which each side has obligations towards the other. In Meta’s case, these transactions have “commercial purposes” that justify taxation, even if no actual money changes hands, Milan prosecutor Marcello Viola said in a statement.

Related

California to sue Trump govt over axed high-speed rail funds

Indie game studios battle for piece of Switch 2 success

North Korea bars foreign tourists from new seaside resort

California to sue Trump govt over axed high-speed rail funds

Gulf Air orders 12 Boeing 787 Dreamliners

The prosecutor said that he suspected the “legal representatives” of Meta’s Ireland-based platform of failing to declare a total of four billion euros ($4.23bn) in income over the period to evade VAT. It estimated the VAT due at 887.6 million euros. A judge now must decide whether to pursue the case.

Meta told AFP that “we strongly disagree with the idea that providing access to online platforms to users should be charged with VAT.” It said that the company has “cooperated fully with the authorities on our obligations under EU and local law and we will continue to do so. We take our tax obligations seriously and pay all tax required in each of the countries where we operate.”

The prosecution noted that other Italian public authorities had also come to the conclusion that Meta’s services were not free, including the competition watchdog in 2018, the administrative court of Lazio in 2020, and the Council of State in 2021.

© 2024 AFP

Tags: ItalyMetataxation
Share36Tweet23Share6Pin8Send
Previous Post

UK finance minister hails ‘milestone’ talks with EU counterparts

Next Post

OpenAI releases Sora AI video generator to public

Emma Reilly

Emma Reilly

Related Posts

Business

US authorizes Juul to market vaping products

July 17, 2025
Business

Novartis first half net profits up 29 percent

July 17, 2025
Business

Swatch profits plunge on weak China sales

July 17, 2025
Business

EasyJet boss hits out over French air traffic walkouts

July 17, 2025
Business

Volvo Cars swings into loss on electric vehicles, tariffs

July 17, 2025
Business

Taiwan’s TSMC says second quarter profit up 60%

July 17, 2025
Next Post

OpenAI releases Sora AI video generator to public

Connected, brainy, athletic: the suspect in US insurance CEO's slaying

Google announces quantum computing chip breakthrough

Brainy, 'normal guy': the suspect in US insurance CEO's slaying

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

New York ruling deals Trump business a major blow

72

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Hanoi scooter riders baulk at petrol-powered bikes ban

July 20, 2025

Japan sees bright future for ultra-thin, flexible solar panels

July 19, 2025

G20 nations agree central bank independence ‘crucial’

July 20, 2025

Stocks consolidate after bumper week buoyed by resilient US economy

July 20, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.