Facebook: global tax deal could mean us paying more tax

By Kitco News / October 08, 2021 / www.kitco.com / Article Link

Oct 8 (Reuters) - An international deal setting a global minimum corporate tax level could mean Facebook will pay more tax, the world's largest digital social network said on Friday."Facebook has long called for reform of the global tax rules, and we recognise this could mean paying more tax, and in different places," Nick Clegg, Facebook Vice President for Global Affairs, said in a statement."The tax system needs to command public confidence, while giving certainty and stability to businesses. We are pleased to see an emerging international consensus.”Reporting by Supantha Mukherjee; editing by Mark John and Sonya Hepinstall Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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