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global tax deal could mean us paying more tax By Reuters

by Mike Robinson

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© Reuters. FILE PHOTO – This illustration photo, taken on May 4, 2021 shows a 3D printed Facebook logo. REUTERS/Dado Ruvic/File Photo

(Reuters) – A global agreement setting a minimum corporate tax rate could lead to Facebook (NASDAQ) paying more in tax, according to the largest social media network.

“Facebook has always called for reform of global tax rules. We recognize that this could lead to paying more tax in different locations,” Nick Clegg – Vice President for Global Affairs on Facebook – said in a statement.

“The tax system should inspire public trust and give certainty to business. We are pleased to see an emerging international consensus.”

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