Facebook's Zuckerberg wants 'new framework' for digital tax

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Facebook's Zuckerberg wants 'new framework' for digital tax
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The digital tax has emerged as a key bone of contention between the US and France in particular, after Paris imposed its own tax on US digital giants such as Facebook, Google, Amazon and Apple last year. Facebook MarkZuckerberg DigitalTax

“We also want tax reform and I’m glad the OECD is looking at this,” Zuckerberg says in published extracts of a speech he will make in Germany on Saturday.

Washington has slammed the move as discriminatory, but both sides agreed last month to pursue a global framework under the aegis of the Organisation for Economic Co-operation and Development , with Paris suspending its collection of the tax until December 2020. The next deadline facing the OECD negotiators is early July when the 137 participating nations are to meet to agree on the main policy elements of the digital tax.

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