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Dado Ruvic - 1 Booking.com - 1 Italy's - 1 Toby Sterling - 1 Alvise Armellini - 1 Aurora Ellis - 1
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☆ Booking.com settles Italian tax dispute with 94-million euro payment
  + stars: | 2023-11-10 | by ( Emilio Parodi | ) www.reuters.com   time to read: +3 min
REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsMILAN, Nov 10 (Reuters) - Travel website Booking.com (BKNG.O) has agreed to pay about 94 million euros ($100.25 million) to settle a tax dispute in Italy, Genoa prosecutors said on Friday. Italy's Guardia di Finanza tax police alleged in June 2021 that Booking.com evaded 153 million euros of value added tax (VAT) in connection with holiday rentals from 2013 to 2019. Last November, Dutch magistrates accepted a European investigation order (OIE) sent by Italy allowing Italian prosecutors to question two former Booking.com chief financial officers as part of the investigation. Private accommodation sites which are not professionally run often have no VAT number, and Italian tax authorities believe the online travel agency should in such cases act as a withholding agent, collecting tax. In another similar case involving a company's responsibility to collect tax on behalf of tax authorities, an Italian judge on Monday seized 780 million euros from short-term rentals platform Airbnb (ABNB.O).
Persons: Dado Ruvic, Booking.com, Italy's, Toby Sterling, Alvise Armellini, Aurora Ellis Organizations: REUTERS, Apple, Facebook, Italian Revenue Agency, Prosecutors, U.S ., Holdings, Union, Thomson Locations: Italy, Genoa, Booking.com, Netherlands, Friday's, Italian, Delaware, Amsterdam
☆ Italy pursues Facebook-owner Meta for $925 million in sales taxes
  + stars: | 2023-02-22 | by ( Emilio Parodi | ) www.reuters.com   time to read: +3 min
MILAN, Feb 22 (Reuters) - Facebook parent company Meta (META.O) faces a potential tax bill of around 870 million euros ($925 million) in Italy after prosecutors launched an investigation into the company, two sources with direct knowledge of the matter said on Wednesday. "We strongly disagree with the idea that providing access to online platforms to users should be charged with VAT," a Meta spokesperson said in an emailed statement to Reuters. News of an administrative tax audit into Meta was first published on Wednesday by Italian daily Il Fatto Quotidiano. ROLE OF FREE ACCESSItaly's tax police and revenue agency calculated a model under which Meta would have had to pay around 220 million euros of sales tax in Italy in 2021, according to the sources. In recent years, the Milan Prosecutor's Office has opened several tax investigations against multinational tech companies such as Google and Apple.
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