• Wed, March 26, 2025

by: Reuters

Exclusive-Italy pursues payment from Meta, X and LinkedIn in landmark tax case

Italy has handed tax demands to Meta, X and LinkedIn in an unprecedented VAT claim against the U.S. tech giants that could have repercussions across the European Union, four sources with direct knowledge of the matter said on Wednesday.

by: UPI

Britain makes billions in extra welfare cuts amid slower economic growth

The British finance minister announced Wednesday billions in welfare budget cuts to fill a shortfall with stalled growth and higher borrowing costs since the government's first spending plan.

by: Insider

Trump announced new auto tariffs after a rough day in the market for Tesla

Shares of mega-cap tech leaders tumbled Wednesday afternoon after a surprise announcement of auto tariffs from the White House.

by: Fortune

Whitney Wolfe Herd is back as Bumble's CEO, says she experienced complete 'ego death,' and is turning the dating app into the 'Love Company'

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by: WKYC

Here's how to avoid risky investment scams, with tips from Better Business Bureau Cleveland: VERIFY Fast Facts

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  • Thu, March 27, 2025

by: BusinessLIVE

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by: Bloomberg

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by: cnbctv18

Jio Financial Services invests ?1,000 crore in subsidiary Jio Finance

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by: Stockhouse

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by: Forbes

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by: GOBankingRates

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by: PCMag

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by: BellaNaija

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by: Ansa

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by: TheStreet

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by: Euronews

EU rebuffs Russia's demand for sanctions relief and asks for 'unconditional withdrawal' of troops

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by: Moneycontrol

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by: GOBankingRates

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by: Investopedia

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by: Investopedia

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by: Reuters

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by: Moneycontrol

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by: Moneycontrol

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by: Reuters

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by: Reuters

Is Britain on the cusp of another multibillion-pound consumer finance scandal?

The Supreme Court of the United Kingdom will on Tuesday hear arguments to overturn a judgment that could cost Britain's financial industry billions of pounds in fresh legal costs and potential customer compensation.

by: Reuters

Explainer: Is Britain on the cusp of another multibillion-pound consumer finance scandal?

The Supreme Court of the United Kingdom will on Tuesday hear arguments to overturn a judgment that could cost Britain's financial industry billions of pounds in fresh legal costs and potential customer compensation.

by: Reuters

China tells state firms to halt deals with Li Ka-shing and his family, Bloomberg News reports

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by: Reuters

Microsoft pulls back from more data center leases in US and Europe, analysts say

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Exclusive-Italy pursues payment from Meta, X and LinkedIn in landmark tax case

Italy has handed tax demands to Meta, X and LinkedIn in an unprecedented VAT claim against the U.S. tech giants that could have repercussions across the European Union, four sources with direct knowledge of the matter said on Wednesday.
Italy is actively pursuing tax payments from major tech companies Meta, X (formerly Twitter), and LinkedIn, marking a significant move in the ongoing debate over digital taxation. The Italian Revenue Agency has issued notices to these companies, asserting that they owe taxes on the income generated from Italian users, despite the firms being headquartered abroad. This case could set a precedent for how digital services are taxed globally, especially as countries grapple with how to tax digital giants that operate across borders but often declare profits in low-tax jurisdictions. The tax claims are based on the premise that these platforms derive substantial economic value from Italian users, and thus should contribute to the Italian tax base. This initiative reflects Italy's broader strategy to ensure that multinational tech companies pay their fair share of taxes, aligning with similar efforts seen in other European countries.

Read the Full Reuters Article at:
https://www.msn.com/en-us/money/economy/exclusive-italy-pursues-payment-from-meta-x-and-linkedin-in-landmark-tax-case/ar-AA1BJqUM

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