Mark Zuckerberg says that ‘good regulation may hurt Facebook’s business in the near term, but it will be better for everyone, including us, over the long’. Writing in the Financial Times, the Facebook founder and CEO points out that ‘without clear rules on portability, strict privacy laws encourage companies to lock down data, refusing to share with others, to minimise regulatory risks.’ Zuckerberg offers support for the OECD’s ‘efforts to create global fair tax rules for the internet’ and states that ‘if we don’t create standards that people feel are legitimate, they won’t trust institutions or technology’.
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