Facebook (FB.N) welcomed Group of Seven’s progress on minimum tax rates. And admits this could mean social networks pay more taxes. and in different places Head of global affairs Nick Clegg said on Saturday.
“Facebook has long been calling for reforms to tax rules around the world. And we are delighted with the significant advancements made at G7,” Clegg said on Twitter. “Today’s agreement is an important first step towards assurance for business and strengthening public confidence in the global tax system.
“We want the international tax reform process to be successful and recognize that this could mean Facebook has to pay more taxes and more places.”
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