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How to avoid tax creep in retirement

The state pension went up 8.5% in April, but frozen thresholds mean pensioners will be paying more tax

Facebook says it could pay more tax after G7 deal

Reuters
·1-min read
FILE PHOTO: FILE PHOTO: The Facebook application is seen on a phone screen

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)