Italian tax police raid Facebook offices | Bangkok Post: tech

Italian police on Friday raided the Milan offices of US social media giant Facebook over possible violations of tax laws, Italian media reported.

Italian police on Friday raided the Milan offices of US social media giant Facebook over possible violations of tax laws, Italian media reported.

Facebook Italia is based in Milan and is associated with Facebook Inc. in the United States and Facebook Ireland.

"Facebook pays taxes in Italy as part of its activity in the country and takes its obligations in terms of Italian tax law very seriously," the company said in a statement.

Facebook Italia said it had "cooperated fully".

The Italian-registered company, according to its official document, has social capital of 10,000 euros ($13,000) and 11 employees and therefore pays very low taxes, Italian media reported.

Facebook Italia had gross revenues of 2.0 million euros in 2011, which counted as "services" for promotion on the Italian market.

A probe by Italian tax police against Google Italy last month found that the company failed to declare income of 240 million euros ($310 million) and pay value added tax of 96 million euros.

Tell us what you think about this article

Like dislike 0 people liked / 0 people disliked it

Share this article

0

0

• More +

• Republishing permission
• Print this

Bangkok Post online classifieds

Try buying & selling goods and properties 24/7 in our classifieds which has high purchasing power local & expatriate audience from within Thailand and around the world.