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Mark Zuckerberg to voice support for global tax on tech giants

Facebook boss Mark Zuckerberg is to offer public support for international tax reform which would see tech giants pay more tax in Europe. He is expected to say that Facebook will support digital tax reform on a global scale under plans put forward by the Organisation for Economic Co-operation and Development (OECD). The plans would see digital firms, including social media platforms and other internet companies, pay more tax in countries where they have significant consumer-facing activities and generate profits. The OECD plans have been criticised by the US, who argue it is discriminatory against large American companies, particularly Silicon Valley firms. While the OECD has said it hopes to reach an international consensus on the scheme by the end of this year, the UK has previously said it intends to implement a temporary solution measure in April. Former chancellor Sajid Javid said last month that the UK digital services tax – a 2% levy on revenues – will only be a temporary measure until an international agreement is in place.

First found on: www.braintreeandwithamtimes.co.uk And then on: 1 other references