Facebook CEO Mark Zuckerberg accepts that global tax reforms mean his company may have to pay more taxes in different countries
) have strained existing rules because they are able to book profits in low-tax countries like Ireland, no matter where their customers are.
Zuckerberg’s speech excerpts gave no further details on tax rates. Facebook says it pays all the tax it should and that this has averaged more than 20% over the last five years. FILE PHOTO: Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, U.S., October 23, 2019. REUTERS/Erin Scott/File Photo
During his visit to Europe, Zuckerberg is due to meet the EU’s digital and industry chiefs on Monday.
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