Italy—Where Creating A Social Media Account May Be A Taxable Event [Forbes]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Forbes
Meta CEO Mark Zuckerberg announced the launch of a paid subscription starting at $11.99 per month for users to authenticate their profiles on Meta platforms (Facebook, Instagram). (Photo by Lorenzo Di Cola/NurPhoto via Getty Images) NurPhoto via Getty Images It's a tax nerd's fever dream—a value added tax case against tech giants that leans into barter theory and challenges the “free” (as in beer) in free platforms. According to Reuters, in , Italy has told Meta, X and Microsoft that if it walks like a transaction and quacks like a transaction, it's getting taxed like a transaction. There is no such thing as a free lunch—or, apparently, a free Facebook account in Italy. That's the general thrust of the argument Italian tax authorities seem to be advan
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