Facebook founder Mark Zuckerberg has said that he is comfortable with the idea of multinational tech companies having to pay more tax in European countries.
Zuckerberg's comments came in response to criticism that giants such as Amazon, Facebook and Google have not been paying enough tax where they operate.
In 2018, Facebook paid £28.5 million in UK corporation tax out of a record £1.65 billion in British sales.
Speaking at a conference in Munich on Saturday, Zuckerberg said that he understands the “frustration” people have on the issue and was supportive of efforts made by the Organisation for Economic Co-operation and Development [OECD] to develop a global solution by the end of the year.
Zuckerberg said: "I understand that there's frustration about how tech companies are taxed in Europe.
"We also want tax reform and I'm glad the OECD is looking at this. We want the OECD process to succeed so that we have a stable and reliable system going forward.
"And we accept that may mean we have to pay more tax and pay it in different places under a new framework.”
Despite Sajid Javid’s resignation as chancellor this week, the UK is at this stage expected to press ahead with its own plans to levy a digital services tax in April.
Under the plans, tech companies such as social media platforms and search engines will pay a two per cent tax on UK revenue, which could raise as much as £500 million for the Treasury per year.
