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ITALIAN TAX DISPUTE
Italian court clears way to end citizenship through ancestry — what it meansItaly's Constitutional Court has signaled its intent to uphold a new law restricting citizenship by descent, effectively ending the long-st...- Italian prosecutors seek trial for Amazon, four execs over alleged $1.4 billion tax evasionMilan prosecutors are pushing for a trial against Amazon's European arm and four executives. This follows allegations of tax evasion amount...
- Italian tax police search Amazon in new tax probe, sources sayItalian tax police conducted searches at Amazon's Milan headquarters and the homes of seven managers. This is part of a new investigation i...
- Meta, X and LinkedIn appeal unprecedented VAT claim by ItalyU.S. tech giants Meta, X, and LinkedIn are appealing Italy's unprecedented VAT claim, potentially reshaping EU tax policy. Italian authorit...
- Who was Felix Baumgartner, the skydiver who broke the sound barrier, and what caused his sudden death in Italy?Felix Baumgartner, the renowned extreme sports icon famous for his supersonic skydive, tragically died at 56 in a paragliding accident in I...
- Major trade wars since the 19th centuryFrom the 19th-century Opium Wars to the recent banana and beef disputes, history is replete with trade conflicts. The McKinley Tariff in 18...
- Italy extends big tech tax probe to Musk's X social networkWhile the value-added tax claim is a trifling sum for X, a company that generated $3.4 billion in revenue in 2023, the case is significant ...
- Italy claims 1 billion euros in unpaid taxes from GoogleJust as in the previous investigation, the probe led by Milan prosecutors alleges that Google did not file and pay taxes on revenues genera...
- Hermann Tilke-led team may design GIFT City F1 trackA consortium of German Formula 1 racetrack designer Tilke, real estate consultancy CBRE, and architecture firm Arcop has been ranked highes...
- Airbnb agrees to pay $621 million to settle a tax dispute in ItalyShort-term rental platform Airbnb has agreed to pay 576 million euros ($621 million) to settle a years-long dispute over unpaid taxes in It...
- Airbnb to pay $621 million to settle tax case in ItalyItaly's financial police seized over 779 million euros from the company last month on the order of Milan prosecutors, who accused the site ...
- Booking.com to pay 94 million euros to settle Italian tax disputeProsecutors in the nortwestern Italian port city launched their investigation in 2018 into Booking.com, which is based in the Netherlands, ...
- MotoGP Bharat roars to life at Buddh International Circuit, promises high-speed thrillsThe first-ever MotoGP Bharat is set to take place at the Buddh International Circuit (BIC) in India. Despite a slight delay due to visa iss...
- Italy pursues Facebook's Meta for $925 million in sales taxesThe investigation was opened by Milan magistrates at the request of the European Public Prosecutor's Office (EPPO), which asked the Guardia...
- Netflix to pay $59 million to settle Italian tax disputeProsecutors had opened an investigation into potential tax evasion three years ago. They claimed Netflix should have paid taxes in Italy be...
- Disputed $123 mn Da Vinci artwork won't return to Italy, thanks to a Swiss courtThe 'Portrait of Isabella d’Este' painting has become the subject of an international tug-of-war.
- Vittorio Colao to step down as Vodafone CEO by SeptemberColao has been very vocal on policy and industry issues arising out of India including high spectrum cost, tariff war, legal tussle with In...
- Law prohibits IT dept from pursuing QuattrochiSections 148 & 149 of the Income Tax Act prevent authorities from reopening assessment in any case that goes beyond six years.
- Nothing new in ITAT's ruling in Bofors case: CBI tells CourtThe CBI today pleaded before a Delhi court that the ruling of Income Tax Appellate Tribunal in Bofors pay offs case is "nothing new" and it...
- Switzerland threatens tax cheats using insurance 'wrappers'Swiss regulators are probing whether investors are buying life insurance to hide undeclared assets from tax authorities as the dispute over...
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