Mark Zuckerberg calls for more government regulation of harmful online content

Mark Zuckerberg calls for more government regulation of harmful online content

Lambasting the social media giant's proposed internet rules as not fit for goal Breton declared "It's not for us to adapt to this company, it's for this company to adapt to us", shortly after a closed-door meeting with CEO Mark Zuckerberg.

The Cheif Executive Officer, Facebook, Mark Zuckerberg is set to throw his weight behind the call for technology giants to pay tax in Europe.

A top European Union official for digital policy warned Monday that big tech companies could face tougher rules and penalties in Europe if they failed to adequately curb hate speech and disinformation.

Under the proposals, large global firms would be taxed on their revenue or sales in a particular country, rather than on their profits, which are often booked in lower-tax jurisdictions.

Zuckerberg said at the conference that he's backing plans for digital tax reform on a global scale proposed by the Organisation for Economic Co-operation and Development.

Last month, France agreed to postpone its 3% tax on the revenues of large digital services companies while similar worldwide proposals were being debated. "I actually think where we should be is somewhere in between".

Zuckerberg added that Facebook wants the OECD process to succeed as it will lead to a stable and reliable system going forward.

The tech giant has been criticised for being too slow to remove hate speech and terrorist propaganda from its platform, but has also been accused of suppressing right-wing voices. Facebook says it pays all the tax it should and that this has averaged more than 20% over the last five years.

Mr Zuckerberg will tell a security conference in Munich on tomorrow that Facebook accepts that any new OECD system for online tax "may mean we have to pay more tax and pay it in different places under a new framework".

OECD is still holding discussions on the same, which are expected to end in July 2020.

During his visit to Europe, Zuckerberg is due to meet the EU's digital and industry chiefs on Monday.

But Breton, who leads up European Union digital policy along with Commission Executive Vice President Margrethe Vestager, warned that new legislation by the end of the year could be much tougher on big tech.



Latest news

Iran, Russia, Turkey to decide fate of Syria's Idlib
Why are these countries involved? Russian Federation and Iran are key allies of Assad, while Turkey supports some of the rebels. Renewed Russian airstrikes on Syria's last major rebel stronghold killed at least nine civilians, according to a monitor.

OnePlus 8 Pro could be rated IP68 for water and dust resistance
OnePlus smartphones have consistently lagged behind when it comes to water and dust resistance because of the associated costs. This chipset is bundled with a 5G modem as standard, which means both phones will support 5G networks as standard.

How much is Daytona 500 victor Denny Hamlin worth?
Newman's auto spun out and then flipped, sliding down the speedway after it was hit by another vehicle . Ryan Blaney , the driver that touched Newman , is actually another Ford driver.

Kylie gives glimpse of her lavish purse collections featuring rare Hermes handbags
Are Kylie Jenner and Travis Scott together once again? These are two of the most expensive items in her closet. The shelves were filled with her designer bags where fans could get a glimpse of some rare Hermes pieces .

John Bolton says he's fighting White House 'censorship' on tell-all book
One possibility is the White House has or will retroactively classify information in Bolton's book. He also said Trump's approach toward Iran is too lenient and a failure.

Other news