FILE PHOTO: Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, d.c., USA, October 23, 2019 at the latest. REUTERS/Erin Scott/File Photo
MUNICH (Reuters) – Facebook (FB.(O) the Chief Executive, Mark Zuckerberg also accepts the fact that global tax reform will mean that the social networking giant may have to pay more in taxes than in the United States of america, Politics is reported, citing excerpts of a speech he is due to meet on Saturday.
“We have to accept that [reform] could mean that we have to pay more taxes, and to pay at various places, under a new framework,” can be Done, it is expected to say in a speech at the Munich Security Conference.
“I don’t understand that there is frustration at the tech companies have been subject to tax in Europe. We also need a reform of the tax system, and I am pleased that the OECD has been looking forward to.”
The writing by Paul Carrel; Editing by Keith Weir