Zuckerberg accepts Facebook may pay more tax in different places: Politico
ALAHARAM Reuters , Friday 14 Feb 2020
Facebook Chief Executive Mark Zuckerberg accepts that global tax reforms mean the social networking giant may have to pay more taxes in different countries, Politico reported, citing excerpts of a speech he is due to give on Saturday.
Cross-border tax rules are set to be rewritten after 137 states sought last month to avoid a new trade war over the global multiplication of taxes on digital services.
"We accept that [the reforms] may mean we have to pay more tax and pay it in different places under a new framework," Zuckerberg is expected to say in a speech at the Munich Security Conference, Politico reported.
"I understand that there's frustration about how tech companies are taxed in Europe. We also want tax reform and I'm glad the OECD is looking at this," Politico quoted Zuckerberg's planned speech as saying