Facebook denies avoiding taxes in Italy

Dec. 8, 2012 at 3:55 PM

MILAN, Italy, Dec. 8 (UPI) -- Tax police are investigating the Italian operations of social media giant Facebook to determine if the U.S. company has paid its fair share of taxes in Italy.

The investigation of Facebook comes less than 10 days after authorities said search engine Google may have underpaid its taxes by $123 million between 2002 and 2006. Google has denied any wrongdoing.

Tax police Friday took documents needed for an audit from Facebook's offices in Milan but there was no word how much Facebook might owe, Italy's ANSA news agency reported. Sources told ANSA that tax police were checking Facebook's accounting records.

Facebook's Italian operation said it was fully cooperating with the investigation and released a statement saying: "Facebook pays taxes in Italy as part of its activity in the country and takes its obligations in terms of Italian law very seriously."

Related UPI Stories
Latest Headlines
Trending Stories
Ted Cruz campaign pulls ad featuring softcore porn actress
Report: Clinton Foundation subpoenaed by State Dept. watchdog over charity projects
Ruby Rose, Gigi Hadid react to Kanye West's lyric about Taylor Swift
Kristen Wiig impersonates Peyton Manning on 'The Tonight Show'
NYC police officer found guilty of manslaughter in Brooklyn stairway shooting