G7 agreement, Facebook: “Good agreement even if we will pay more taxes”

The agreement at the G7 was “an important step forward”. The vice president of global affairs and communication of Facebook, Nick Clegg, writes in a tweet, commenting on the agreement for a minimum global rate for taxation on large companies. Facebook “has long called for a reform of the rules on global taxation”. “Today’s agreement is a significant first step towards investment certainty and strengthening public confidence in the global tax system,” he added. “We want the international tax reform process to be successful” concludes Clegg who acknowledges that this “could mean that Facebook would pay more taxes and in different places”.