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Italy

Research has claimed that the net US federal income tax bills of 35 companies were negative $1.72 billion, while, in other news, Italy’s economy minister has predicted that pillar two will fail
Chris Jordan also said that nations have a duty to scrutinise the partnership structures of major firms, while, in other news, a number of tax teams expanded their benches
The cuts are reportedly related to its failed Project Everest, and Airbnb is ordered to pay €576m by Italy’s tax authority
Italy’s lost VAT revenue is the highest in the EU, Guernsey shoots down new GST proposals, Egypt introduces VAT on tobacco products, and more
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