Meta, X, LinkedIn launch appeal against Italy’s VAT claim, Reuters reports

Meta (META), X, and Microsoft’s (MSFT) LinkedIn are launching an appeal against a Value Added Tax claim by Italy that could affect tax policy across the European Union, Reuters’ Emilio Paroi reports, citing four sources with direct knowledge of the matter. This marks the first time the country has failed to reach a settlement deal after launching tax cases against large tech firms, the author notes. The development has come about as the case went beyond agreeing on a settlement amount and aimed to establish a broader approach centered on how social media companies provide access to their services, the author says.