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Meta, X, and LinkedIn Challenge Italy Over €1 Billion VAT Demand
Meta, X, and LinkedIn Challenge Italy Over €1 Billion VAT Demand
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BTCCSquare news:
U.S. tech giants Meta, X, and LinkedIn are embroiled in a landmark legal battle with Italy over a combined €1 billion VAT claim. The Italian Revenue Agency asserts that free user access to social platforms constitutes a taxable exchange—equating account creation for data profiling to a VAT-liable transaction. This marks Italy's first full judicial tax trial against major tech firms, diverging from prior negotiated settlements.
The outcome could Ripple across industries reliant on free digital services, from airlines to media companies, potentially expanding VAT obligations under Italian law. The case also injects tension into EU-U.S. trade relations, with billions in tax revenue at stake.
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