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Friday, Dec 7
2012, 11:01 AM
Having just begun a probe on Google, Italian tax authorities now appear to be turning their...
Having just begun a probe on Google, Italian tax authorities now appear to be turning their sights on Facebook (FB +0.8%): a source claims regulators have been conducting checks at Facebook's Milan offices to see if it has been declaring its local income. Italy by itself isn't a large portion of Facebook's business, but the whole of Europe is, and continental tax regulators in general seem to be stepping up their tax probes of U.S. Internet giants.