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Facebook CEO Mark Zuckerberg notes that global tax reforms mean that the social media giant may have to pay more taxes outside the US, Reuters reported.

“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,” Zuckerberg is expected to tell the Munich Security Conference.

“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,” he added.

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