Facebook says it could pay more tax after G7 deal

Facebook says it could pay more tax after G7 deal

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Facebook (FB.O) welcomed the progress made by the Group of Seven on the lowest tax rate, and accepted that this could mean that social networks pay more taxes, and in different places, its head of global affairs Nick Clegg Zhou Six means.

“Facebook has long called for reform of the global tax rules and we welcome the important progress made at the G7,” Clegg said on Twitter. “Today s agreement is a significant first step towards certainty for businesses and strengthening public confidence in the global tax system.

“We want the international tax reform process to succeed and recognize this could mean Facebook paying more tax, and in different places.”

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