Sci-tech

Treat Facebook like something between a newspaper and telco: Zuckerberg

Treat Facebook like something between a newspaper and telco: Zuckerberg”

Facebook CEO Mark Zuckerberg plans to throw his support behind worldwide reforms that would require Silicon Valley tech giants to pay more tax in Europe.

"I believe good regulation may hurt Facebook's business in the near term but it will be better for everyone, including us, over the long term".

According to an excerpt of his speech provided in advance, Zuckerberg said, 'I understand that there´s frustration about how tech companies are taxed in Europe'.

The former French finance minister said a proposal for a Digital Services Act by the end of the year could carry real consequences for companies like Facebook that had so far self regulated.

The billionaire social network founder is due to meet members of the European Union's executive Commission in Brussels and speak at the Munich Security Conference in Germany.

European Commission Vice President Vera Jourova meanwhile "intends to raise issues related to the protection of democracy and fundamental rights, free and fair elections, the fight against disinformation, including the transparency of political advertising", the spokesman added.

Zuckerberg said that his company was working with governments, inclusing New Zealand's, "on what regulation could look like".

"Publisher liability laws that punish the publication of illegal speech are unsuitable for the internet landscape", the paper said.

That comes two days before European Competition and Digital Commissioner Margrethe Vestager and Internal Market Commissioner Thierry Breton are set to announce the creation of a single European data market aimed at challenging the dominance of US tech giants such as Facebook, Google and Amazon.

His visit comes on the heels of similar meetings by Google boss Sundar Pichai, who in January called on Brussels to tread carefully in regulating AI.

With AI in mind, Zuckerberg also met with Vestager, another leading scourge of big tech, who has inflicted billions of euros in anti-trust fines on Google.

The EU's proposal on AI on Wednesday is expected to pursue a "risk-based" approach to assessing machine learning similar to how Europe approaches food safety concerns, such as GMOs and certain chemicals.

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