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Digital taxation: Facebook wants “tax reform” even if it has to pay more taxes

2020-02-14T06:23:52.140Z


The OECD estimated on Thursday that the proposed reform could generate up to $ 100 billion a year globally.


The boss of the American social network Facebook declares himself in favor of the work of the OECD aimed at reforming the taxation of profits of multinationals, in particular digital, even if this should lead the group to " pay more taxes " in different countries.

Read also: Gafa tax: the United States works "actively" with the OECD

" We want tax reform and I am pleased that the OECD is examining the issue, " said an extract from a speech to be delivered by Facebook CEO and founder Mark Zuckerberg on Saturday at the Munich security conference ( Germany). We want the process to be successful so that we have a stable and reliable system for the future. And we accept that this can lead us to pay more taxes and pay them in different countries, "said the leader, who" understands the frustration at how technology companies are taxed in Europe ".

At the end of January, the 137 countries engaged for several years under the aegis of the Organization for Economic Cooperation and Development (OECD) in the negotiation of an agreement on the taxation of multinationals agreed to reach such an agreement. here the end of the year. The OECD estimated on Thursday that the proposed reform could generate up to 4% of additional global income tax revenue, or " $ 100 billion a year ". This reform provides in particular for redistributing the rights to collect corporate tax, not only based on the physical presence of a company in a country, but on the activity it carries out there. This would allow many states to tax multinational digital companies, such as the American giants Google, Amazon, Facebook and Apple.

While they often generate large sales volumes in different European countries, large digital companies generally take advantage of the location of their European headquarters in a country with a low tax base, such as Luxembourg or Ireland, to optimize their tax bill. In addition to the work of the OECD, European countries such as France and the United Kingdom are carrying out their own digital taxation projects, which are supposed to be transitory until they find a global agreement.

Read also: Google passes on its Austrian "Gafa tax" to its customers

Source: lefigaro

All business articles on 2020-02-14

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