Facebook founder and CEO Mark Zuckerberg is expected to deliver remarks on Saturday in Germany expressing his company’s acceptance of having to pay more taxes under global tax reforms.<\/p>\n
“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 [Organization for Economic Cooperation and Development] is looking at this,” excerpts of Zuckerberg’s speech read, Reuters reports.<\/p>\n
“We want the OECD process to succeed so that we have a stable and reliable system going forward. And we accept that may mean we have to pay more tax and pay it in different places under a new framework,” he added.<\/p>\n
Last month, the OECD said that government officials have agreed to draft a new set of tax rules that would dictate where taxes should be paid and the percentage of profit that should be taxed.<\/p>\n
At the moment, tech giants like Facebook, Google and Amazon are able to file taxes in countries with low tax rates, even though they operate globally.<\/p>\n","protected":false},"excerpt":{"rendered":"
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