Facebook says it could pay more tax after G7 deal

1 minute read

: The Facebook app is seen on a phone screen August 3, 2017. REUTERS/Thomas White/File Photo

LONDON, June 5 (Reuters) - Facebook (FB.O) welcomes the progress made by the Group of Seven on a minimum tax rate and accepts this could mean the social network pays more tax, and in different places, its head of global affairs Nick Clegg said on Saturday.

"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."

Register now for FREE unlimited access to
Reporting by Kate Holton; editing by Michael Holden

Our Standards: The Thomson Reuters Trust Principles.

More from Reuters