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14 February 2020

POLITICO: Zuckerberg to concede Facebook willing to pay more taxes overseas

Speaking at the Munich Security Conference, the tech boss is expected to throw his weight behind creating a global digital tax regime.

Mark Zuckerberg, Facebook's chief executive, accepts that his social networking giant may pay more taxes outside the United States as part of a global overhaul of how tech giants pay taxes, according to excerpts of remarks seen by POLITICO of a speech that he will give on Saturday.

Speaking at the Munich Security Conference, an annual event that attracts high-ranking officials and corporate leaders, the 35-year-old is expected to call for reforms of how Facebook and Google pay taxes for their digital empires and voice support for ongoing talks at the OECD to create a new global tax regime.

"We accept that [the reforms] may mean we have to pay more tax and pay it in different places under a new framework," the tech boss is expected to say in Munich. "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."

Last year, efforts to pass a Europe-wide digital tax collapsed due to opposition from a number of countries. But if the ongoing OECD talks fail by the end of the year, the European Commission will likely propose pan-EU rules, which may run into the same roadblocks as the original attempt.

Full article on POLITICO


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