No, this is a common piece of Trump era propaganda. The EU does not levy such a general corporate tax, fines are not recurring as taxes are, fines like this one are done by a single member state (Italy in this case) and do nothing for the EU's budget, and the big tech companies within the EU are private companies whereas this misleading stat picks the rare public ones for its comparison
"Your honour, I did not break into this man's house. Last week he gave me his key ring so I could copy his car keys, so I took the liberty to write down all his bitting codes and made a copy of his keyring later. Since he gave me his key, I was authorised to be there and did not break in."
... is literally the excuse Meta is trying to use, except it's about photos.