UK markets close in 5 hours 54 minutes
  • FTSE 100

    7,147.33
    -37.62 (-0.52%)
     
  • FTSE 250

    22,501.85
    -115.81 (-0.51%)
     
  • AIM

    1,236.80
    -7.69 (-0.62%)
     
  • GBP/EUR

    1.1694
    +0.0034 (+0.29%)
     
  • GBP/USD

    1.3978
    -0.0009 (-0.06%)
     
  • BTC-GBP

    28,141.71
    -646.23 (-2.24%)
     
  • CMC Crypto 200

    975.54
    -16.93 (-1.71%)
     
  • S&P 500

    4,223.70
    -22.89 (-0.54%)
     
  • DOW

    34,033.67
    -265.63 (-0.77%)
     
  • CRUDE OIL

    72.15
    0.00 (0.00%)
     
  • GOLD FUTURES

    1,807.50
    -53.90 (-2.90%)
     
  • NIKKEI 225

    29,018.33
    -272.68 (-0.93%)
     
  • HANG SENG

    28,558.59
    +121.75 (+0.43%)
     
  • DAX

    15,707.39
    -3.18 (-0.02%)
     
  • CAC 40

    6,649.76
    -2.89 (-0.04%)
     

Facebook says it could pay more tax after G7 deal

  • Oops!
    Something went wrong.
    Please try again later.
·1-min read
FILE PHOTO: FILE PHOTO: The Facebook application is seen on a phone screen
  • Oops!
    Something went wrong.
    Please try again later.

LONDON (Reuters) - Facebook 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."

(Reporting by Kate Holton; editing by Michael Holden)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting