From fortune.com:



Italy’s finance police are targeting Meta, the parent company of Facebook, Instagram, and Whatsapp, for allegedly unpaid taxes. The tax case has resulted in a €870 million fine imposed on Meta, leading to an escalation of the case to the European Commission’s VAT committee. An eventual ruling from the EU would have ramifications for Meta’s operations across Europe, with potential implications for the rest of the bloc. Italy’s a strong stance towards tech giants extends to previous cases against Airbnb for €835 million in unpaid taxes, and Netflix for €55.8 million. A ruling in Italy’s favor against Meta would represent 2% of its global revenues and could have major implications for the tech sector in Europe and for Meta’s competitors such as Google and X.



Original: Italy’s $954 million tax case against Meta escalated to the EU