An Italian tax claim against Meta has been escalated to the EU Commission’s VAT committee for evaluation, Reuters’ Emilio Parodi reports. According to three sources, Meta faces a potential tax bill of around $954M in Italy after prosecutors launched a a tax audit investigation.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on META:
- ‘Load Up,’ Says Raymond James About These 2 ‘Magnificent Seven’ Stocks
- Cathie Wood’s ARK Investment bought 16.3K shares of Meta Platforms today
- #SocialStocks: Meta faces scrutiny for Israel-Hamas war content moderation
- Airbnb price target raised to $170 from $147 at Citi
- Meta Oversight Board says Israel-Hamas videos should not have been removed