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EU Commission examines Italy's tax case against Meta
Economic Times
·
1y ago
Medial
The European Commission will evaluate Italy's tax claim against Meta (formerly known as Facebook) in a test case that could impact how the tech industry is taxed. Milan prosecutors launched an investigation into Meta's potential tax bill of €870 million ($954 million) based on a tax police audit that argued user registrations could be seen as a taxable transaction. The EU VAT committee's non-binding assessment could have wider implications for online platforms that exchange access for user data. Italy has pursued other tech companies over taxation, and Airbnb recently agreed to pay €576 million to settle income tax obligations.
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Meta faces Italian competition investigation over WhatsApp AI chatbot - The Economic Times
Economic Times
·
9d ago
Medial
Italy's antitrust authority has launched an investigation into Meta Platforms concerning the integration of Meta AI into WhatsApp. Suspicions arose that Meta might be abusing its dominant position, possibly infringing on EU competition rules by incorporating its AI assistant without user consent, which could disadvantage competitors. Meta asserts that its AI offers benefits to users and is cooperating with the investigation. The probe is conducted alongside the European Commission.
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Italy extends big tech tax probe to Musk's X social network
Economic Times
·
5m ago
Medial
Italy is seeking €12.5 million from Elon Musk's social network X due to a tax probe similar to one against Meta. The case may influence the tech sector in Europe, focusing on whether user registrations with platforms like X can be taxed as transactions. While €12.5 million represents a minor sum for X, it highlights potential changes to tech industry business models across the EU. Italy has pursued tech companies over tax and might enforce its interpretation through judicial tax review if no agreement is reached.
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Italy's Moltiply sues Google in €3 billion lawsuit over market dominance
Economic Times
·
3m ago
Medial
Italy's Moltiply Group is suing Alphabet's Google for €2.97 billion, citing abuse of market dominance, previously recognized by the EU Court of Justice. Moltiply claims Google's actions, favoring Google Shopping, hindered the growth of its subsidiary 7Pixel and its price comparison website Trovaprezzi.it between 2010 and 2017. The lawsuit was filed in Milan, following a 2017 European Commission fine against Google for similar unfair advantages. A Google spokesperson declined to comment.
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Apple risks losing $14 billion in tax at top EU court
Livemint
·
1y ago
Medial
In a potential setback for Apple, an adviser to Europe's top court stated that a European Union tribunal made legal errors in favor of the tech giant over a $14 billion tax order. The adviser recommends that the case be reviewed again. In 2016, the European Commission accused Apple of benefiting from Irish tax rulings, artificially reducing its tax burden. The EU general court upheld Apple's challenge in 2020. However, the adviser suggests setting aside the ruling and referring the case back to the lower tribunal. The final ruling is expected in the coming months.
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EU's top court adviser sides with Italy in Meta Platforms dispute - The Economic Times
Economic Times
·
29d ago
Medial
The EU's Court of Justice is addressing a dispute between Meta and Italy's AGCOM over fees for using news snippets. An EU adviser supports Italy, stating that EU member states can enhance publisher rights if not infringing contractual freedom. Advocate General Maciej Szpunar emphasized ensuring publishers receive a fair share from platforms, crucial for press viability and democracy. The court's decision, influenced by the adviser’s recommendation, is forthcoming.
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EU closes investigations into Amazon, Starbucks and Fiat tax rulings
Economic Times
·
8m ago
Medial
The European Commission has closed state aid investigations into tax rulings granted by Luxembourg and the Netherlands to Amazon, Fiat, and Starbucks. The Commission had previously found that these countries had provided selective tax advantages to the companies, but these decisions were later annulled by the EU courts. As a result, the investigations have been closed, and it has been confirmed that the companies did not receive any selective tax advantages in violation of EU state aid rules.
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Mark Zuckerberg takes stand to defend Meta against antitrust suit
Economic Times
·
3m ago
Medial
Mark Zuckerberg appeared in court to defend Meta in an antitrust trial aiming to potentially dismantle the company. The Federal Trade Commission (FTC) claims Meta created a social media monopoly with acquisitions of Instagram and WhatsApp, using a "buy-or-bury" strategy against competitors. Zuckerberg argued Meta still faces competition from platforms like TikTok. A successful FTC case may force Meta to divest its acquisitions, significantly impacting its business operations and altering Silicon Valley merger practices.
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Apple loses against EU over €13 billion Irish tax bill | Mint
Livemint
·
11m ago
Medial
Apple has lost its court battle against a €13 billion ($14.4 billion) Irish tax bill. The EU’s Court of Justice ruled in favor of a 2016 decision by the European Commission that found Ireland had granted an unfair advantage to Apple through tax benefits. The ruling is seen as a boost to the EU’s effort to crack down on special deals offered by countries to large corporations. The decision comes as a blow to Apple but a victory for EU antitrust chief Margrethe Vestager, who has been targeting tax arrangements of tech companies.
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Meta to be hit with first EU antitrust fine for linking Marketplace and Facebook, sources say
Economic Times
·
1y ago
Medial
Meta Platforms, the parent company of Facebook, is reportedly facing its first antitrust fine from the European Union (EU). The European Commission is expected to impose the fine after accusing Meta of unfairly bundling its classified ads service, Facebook Marketplace, with its social network. The EU also alleges that Meta abused its dominant position by imposing unfair trading conditions on competing online classified ads services. The fine could potentially be around $13.4 billion, representing 10% of Meta's global revenue for 2023. The EU is likely to make its decision in September or October. Meta has denied the claims.
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Apple, Meta, Google set to face EU Digital Markets Act probes
Economic Times
·
1y ago
Medial
Summary: EU antitrust regulators are set to investigate Apple, Meta Platforms, and Google under the Digital Markets Act. The European Commission is expected to announce the investigations and make decisions before the end of EU antitrust chief Margrethe Vestager's term in November, according to sources.
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