Daily Tax Report ®

Zuckerberg Backs Digital Tax That Could Boost Facebook’s Bill

Feb. 14, 2020, 12:44 PM

Mark Zuckerberg for the first time said he supports efforts to create a global digital tax that would ultimately raise the amount Facebook Inc. pays to foreign countries, in a move that may boost efforts to put a new levy in effect by year-end.

The tech giant’s chief executive will tell world leaders gathered at the Munich Security Conference on Saturday that he welcomes the efforts of the Organization for Economic Cooperation and Development to find a global compromise on how to tax profits from digital activities.

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