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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.

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Big Tech Compliance Tracker: Apple, Google, Amazon Boost UK Fees To Cover New Digital Tax; Amazon Gets FAA’s OK For Drone Delivery 

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Tumusov wrote in a social media post that “lowering the commission and having the ability to bring products to users is a growth opportunity for IT developers.”. Big Tech Updates Fees to Reflect UK Digital Services Tax. Apple announced upcoming tax changes for apps and in-app purchases to include tax law changes in the U.K.

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IRS Has Rocky Start With Stimulus Funds As Money Misrouted

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The new Get My Payment tool launched on Wednesday (April 15) by the IRS and the Treasury Department is supposed to let people know when they can expect their stimulus check or direct deposit, or allow them to enter direct deposit information so they can get their money faster. . million had added direct deposit information.

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

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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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IRS Cracking Down On Crypto-Holding Taxpayers

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The Internal Revenue Service (IRS) is going to send letters to about 10,000 cryptocurrency holders warning them about the penalties they will face if they don’t report their income or pay taxes on the transactions, according to a report by The Wall Street Journal. at the World Bank.

Taxes 128
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Zuckerberg Talks Guidelines For How To Regulate Facebook

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He has recently signaled that he would support Facebook paying higher taxes in Europe. And in comments made last March, he said he believes more regulation is needed on social media companies. Next week, Zuckerberg will visit Brussels and speak with the European Union about regulatory issues.

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Death, Taxes And Digitizing Insurance Payments 

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If death and taxes are sureties, insurance payments rank up there, as people insure homes and autos and apartments against any number of calamitous scenarios. It is now social media that cements the carrier/insured relationship. like paying over the phone using an IVR system that will securely capture credit card information.

Taxes 101