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Italy is currently conducting a tax review of Meta, which could have significant implications for the technology sector. The review, expected to be completed by the end of this year, is a result of an Italian audit that argues Meta's user registrations should be considered a taxable transaction due to the exchange of personal data involved. The audit was initiated by Italy's Guardia di Finanza (GdF) police and has led to a criminal investigation led by Milan magistrates. The outcome of the assessment phase will determine the course of the investigation, and if the case is successful, Meta may be required to pay a tax bill of around
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