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An Italian tax claim against Facebook parent Meta has been escalated to the EU Commission's VAT committee for evaluation, three sources with direct knowledge of the matter told Reuters, in a test case for how the tech sector is taxed. The U.S. corporation, which also owns the Instagram, WhatsApp and Oculus platforms, faces a potential tax bill of around 870 million euros ($954 million) in Italy after Milan prosecutors launched an investigation into the company on the basis of a tax police audit. 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 as it hinges on the way that Meta provides access to services.

Jane merrimanFinanza gdEmilio parodiA european commissionEuropean commissionEu commissionItalian revenue agencyMember statesKeith weirTax agencyTax claimTax police