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THE LEX COLUMN: Why Facebook supports more digital tax

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THE LEX COLUMN: Why Facebook supports more digital tax 🔒

18 February 2020 - 16:54

Like any conscientious 16-year-old, Facebook is working hard on its high school assignments. The $610bn social network has already tackled the question of “how to stop jerks posting bad stuff without wrecking the first amendment”. The company’s broad solution is one all frontier industries demand sooner or later: regulate us harder.

More intriguingly, Facebook is embracing proposals with big financial consequences in response to the teaser “what tax should tech bros pay?” Cynics will wonder whether CEO Mark Zuckerberg supports a grand plan from the OECD because he knows it will never happen.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

 

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