Mark Zuckerberg, in support of digital tax, said - there is no objection to much tax

Mark Zuckerberg, in support of digital tax, said - there is no objection to much tax

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Facebook founder and CEO Mark Zuckerberg has advocated a new tax framework for online companies. Zuckerberg has supported the efforts of the Organization for Economic Co-operation and Development (OECD) in this matter and said that companies do not object to over-taxation. America and France clashed over digital tax

 The issue of digital tax has been in dispute for quite some time.

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There has also been an argument between the US and France about this when France imposed a separate tax on American online companies. The United States called it a discriminatory decision. However, last month both countries agreed to create a global framework for this under the OECD. Here, Britain is also ready to impose its own digital tax.

 On the other hand, the US has proposed an alternative system but experts believe that this would make it difficult to comply with the law. He also feared a detailed agreement about this by the end of the year. The next stop for OECD negotiators will come in the first week of July, when 137 of its member nations agree on key policies related to digital tax.

 Facebook also agreed to pay more

 Zuckerberg will address a security conference in Munich on Saturday. He said that Facebook would not refrain from following the OECD's new digital tax regime, even though online companies would have to pay more taxes in different countries than before.

 The OECD has said that the new system is expected to fetch $ 100 billion more corporate tax globally. The biggest advantage of this would be to curb the habit of digital companies to set up their headquarters in low-tax countries like Luxembourg and Ireland to save tax.

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