Glenn D. Fogel CEO of Booking.com
The financiers of the provincial command of Genoa, as part of an investigation coordinated by the prosecutor, contest one maxi tax evasion of 150 million euros at Booking, the web giant based in the Netherlands and leader in online tourist bookings. The charges concern theVAT not paid between 2013 and 2019.
The investigation, carried out by the military of the first Genoa group and by the Chiavari company employee, began in 2018 by targeted tax assessments, carried out with bed & breakfast managers located in the areas with the highest tourist vocation in the province of Genoa, and from there all over Italy, revealing a conduct that, according to the financiers, is still applied to international level. From the examination of the fiscal documents, declares the Guardia di Finanza, “it emerged how the Dutch company used to be issue invoices without VAT by applying the so-called ‘reverse charge’ mechanism even in cases where the accommodation facility lacked the relevant lot, with the consequence that the tax was neither declared nor paid in Italy “.
The financiers consulted the databases and open sources and with the data made available by the multinational and relating to the commissions applied to 896,500 customer positions in Italy, a turnover for an amount of approximately 700 million euros; on this amount, the company should have made the annual VAT return and paid into the tax authorities over 153 million euros in tax. Instead, it emerged that the same has not appointed its own tax representative, nor has it identified itself in Italy and therefore has not presented the relative declaration “thus reaching the total evasion of thetax, which was not paid either in Italy or in the Netherlands“.