Having just begun a probe on Google, Italian tax authorities now appear to be turning their...

|By:, SA News Editor

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.