The BBC reported a further excerpt from Zuckerberg's scheduled speech: "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 [Organisation for Economic Co-operation and Development] is looking at this. 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.
European countries including Britain and France have drawn up plans to hit tech giants like Facebook with much higher tax bills on the revenue they generate within those countries. Historically tech giants including Facebook have been able to minimize the tax they pay in the European Union by routing their taxes through Ireland, which has favorable tax laws.
France and the UK's attempts to impose larger tax burdens on big tech companies has led to some political clashes, with the US saying they
facebook is garbageļ¼
How about America where you guys always wiggle your way out of paying the proper amount.
No one is stopping him from paying more in the US except him.. js lol
Than in Jumla narendramodi india 🤪🤪🤪🤪
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »