Facebook: Global tax deal could mean us paying more tax | Inquirer Technology
Close  

Facebook: Global tax deal could mean us paying more tax

/ 03:29 AM October 09, 2021
Facebook: Global tax deal could mean us paying more tax

FILE PHOTO: A 3D printed Facebook logo is seen in this illustration picture taken May 4, 2021. REUTERS/Dado Ruvic/File Photo

An international deal setting a global minimum corporate tax level could mean Facebook will pay more tax, the world’s largest digital social network said on Friday.

“Facebook has long called for reform of the global tax rules, and we recognize this could mean paying more tax, and in different places,” Nick Clegg, Facebook Vice President for Global Affairs, said in a statement.

ADVERTISEMENT

“The tax system needs to command public confidence while giving certainty and stability to businesses. We are pleased to see an emerging international consensus.”

RELATED STORY

FEATURED STORIES

G7 finance ministers meet in London to broker global tax deal

The latest tech news delivered to your inbox

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.
TOPICS: Facebook, Social Media, tax
Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

For feedback, complaints, or inquiries, contact us.

Subscribe to our technology news

By providing an email address. I agree to the Terms of Use and
acknowledge that I have read the Privacy Policy.



© Copyright 1997-2021 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.