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Facebook, Google Pressured In India Over Privacy, Taxes

PYMNTS

Govindacharya have asked lawmakers in India to call leaders of Google and Facebook to the country to ask them about data privacy and their compliance on tax laws, according to a report from Reuters. The group is asking a parliamentary panel on information technology to investigate the tech giants. We’re calling everyone.

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UK Facing Pushback For Tax On Tech Companies’ Revenue

PYMNTS

and lobbyists who contend a new tax on some of the world’s biggest internet companies would create what is seen as a dangerous precedent. Chamber of Commerce — lobbyists and lawmakers, Donohue and others think the tax would target big American technology companies unfairly. announced it was aiming to lodge a 2 percent tax on the U.K.-generated

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Big Tech Compliance Tracker: Facebook Faces $6.06 Million Fine From South Korea; Big Tech Tax Becomes Due In France

PYMNTS

South Korea’s Personal Information Protection Commission issued a 6.7 We have [been] cooperating as much as possible throughout the investigation process, we regret that the Personal Information Protection Commission has sought a criminal investigation,” a Facebook representative based in South Korea said in a statement, per Reuters.

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Big Tech Compliance Tracker: Facebook Backs Data Portability Law, Amazon Considers Registering Services As Separate Entities In India

PYMNTS

The social media company has indicated that the Access Act, a proposed data portability law, is a first move in the right direction. The news comes as a new Indian equalization measure came into existence in 2020 that puts a 2 percent tax on every digital transaction that foreign online shopping firms conduct.

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Don’t let love blind you from Romance Scams

Qudos Bank

While dating apps, social media networks and gaming apps are great to connect with like-minded people, they could also put you at risk of connecting with a scammer that will manipulate you for money. Keep details about your hobbies and interests online to a minimum as scammers may leverage and use these to their advantage.

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Bitcoin Daily: Crypto Investor Sues IRS; Crypto Advocates Eye US Senate Bills That Target Encryption

PYMNTS

The user received a now-infamous crypto letter from the IRS last August, which informed him and others that the IRS had “information” on their crypto accounts and that the government agency believed taxes had not been paid on the crypto, according to CoinDesk.

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Tencent, Other Chinese Tech Firms Called Out For Privacy Violations

PYMNTS

A number of Chinese tech companies were ordered to clean up policies on the way their apps deal with user information or face penalties, according to an Associated Press report on Thursday (Dec. The tech companies cited included social media giant Tencent , Sina Corp., Sohu.com Ltd. and Xiaomi Corp. The apps must comply by Dec.