Mark Zuckerberg is trying to be a mensch, a mutual friend tells me. He's deeply committed to connecting everyone.
Kevin Martin of Facebook met the Minister in Korea and agreed "to report revenue and pay taxes" in Korea. In addition, they will probably pay "network fees" to the three big Korean telcos. Korea has allowed their telcos to erect "toll barriers" on the net, what Net Neutrality was supposed to prevent in the U.S.
Korea is enormously proud of having probably the best Internet in the world. The Korean government, under pressure from the three big telcos, does not have a policy of neutrality.
Tax avoidance is a huge issue around the world, especially as the Internet becomes a larger part of every economy. Facebook and Google are collecting tens of billions. often from poor countries, but neither paying taxes nor obeying local laws. Europe is the most visible resister, but the feelings are strong in Africa and Asia. "You Americans are so greedy," an African said to me at the WCIT in 2012.
News reports in December were that Facebook was changing its policies. They would now pay taxes where they earn income. Korea is the first official agreement.Add a comment