India  
 
NewsR.in

Italy's Meta tax review gets underway in potential test case for tech sector

IndiaTimes Wednesday, 5 July 2023
Italy expects to take until the end of the year for an initial assessment of Facebook parent Meta in a tax case that could land the US company with a bill of around 870 million euros ($925 million) and prove a test case for the tech sector. Although a modest sum for a company that brought in more than $32 billion in revenue last year, the case could have much wider ramifications for the industry as it hinges on the way that Meta provides access to services such as Facebook and Instagram.
0
shares		ShareTweetSavePostSend
 

You Might Like


Related videos from verified sources

Threads Loses Users After Record-Breaking Release [Video]

Threads Loses Users After Record-Breaking Release

Threads , Loses Users After , Record-Breaking Release. On July 27, Mark Zuckerberg revealed to staff that Threads, Meta’s Twitter competitor, has lost over half of its users. . On July 27, Mark..

Credit: Wibbitz Top Stories     Duration: 01:31Published