Il giorno delle locuste di venerdì 13/12/2024

·49 min·4 clips

The Milan Prosecutor's Office claims Meta evaded 887 million euros in VAT by treating user data as a taxable service.

The episode begins with a playful introduction involving wordplay and references to earthquakes and panettone, setting a casual tone. The hosts then shift to economic data, noting a decline in Italy's industrial wealth rate from 19.9% to 18.1%, highlighting deindustrialization trends. They mention market collapses in sectors like luxury and robotics, with the Italian robot market down 35%. The discussion moves to government tax policies, criticizing the shift from IRPEF cuts to IRES cuts for companies as ineffective. Guest Professor Alessandro Santoro is introduced to analyze the Milan Prosecutor's Office's investigation into Meta's tax evasion. Santoro explains that prosecutors reconstructed the exchange between user data and Facebook services as a taxable operation, leading to an alleged VAT evasion of 887 million euros over six years. He details the legal complexities, including the qualification of data accession and service supply under VAT rules. The implications for future consumer payments and European parallels are noted. The episode then covers other financial news, including arrests at Rock Trading for falsifying balance sheets and misusing 65.8 million euros in customer crypto assets. It discusses the bank Limiti's shift from deteriorated loans to fintech and AI applications. Energy markets are explored, with hedge funds speculating on gas prices via the TTF, driving up costs and impacting manufacturing. China's monetary stimulus to boost consumption amid export declines is analyzed. Automation clashes in US ports over robot use are highlighted, with potential economic impacts. The episode concludes with light-hearted segments, including quizzes and listener interactions, before wrapping up with notes on Tesla's stock surge and upcoming holiday breaks.

Listen to the show on

Apple Podcasts Spotify

Play clips from this episode More from Il giorno delle locuste