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![PiQSuite Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1160506639046328321.png) PiQ [@PiQSuite](/creator/twitter/PiQSuite) on x 123.5K followers
Created: 2024-12-09 17:45:52 UTC

🇮🇹💻 Italy Concludes Probe Into Meta Over Alleged $938M VAT Evasion

Tickers of interest: $META

Italian prosecutors have finalized their investigation into Meta, alleging €887.6 million in VAT evasion tied to how Facebook and Instagram services are provided.

The case challenges whether user registrations, seen as an exchange of data for services, should incur VAT—a precedent that could impact the tech sector globally.

Meta disputes the claims and is negotiating with Italy’s tax agency, with potential for either settlement or a protracted judicial tax dispute.

![](https://pbs.twimg.com/media/GeX-d2BbcAAy0ps.png)

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**Related Topics**
[instagram](/topic/instagram)
[facebook](/topic/facebook)
[$meta](/topic/$meta)
[$938m](/topic/$938m)
[meta](/topic/meta)
[italy](/topic/italy)
[meta platforms](/topic/meta-platforms)
[stocks communication services](/topic/stocks-communication-services)

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