Taxation in the Data Economy: The ‘Invisible’ Competition

InterMedia Press

The individual is both the creator and user of her own data. Companies collect personal data, use it for various purposes like improving products and anticipating consumer behavior, and return those benefits to consumers. 

Big Tech’s multi-faceted uses of data generate new economic value, prompting questions on how consumers can be fairly compensated. Some experts raised the idea of a tax on enterprises that collect mass amounts of private information. One facet of taxation often left unaddressed is data commodification beyond borders. As Future Agendanotes,

Principles that tie tax to physical presence are no longer appropriate for a world in which California-based tech companies can sell services in Spain through a Dublin-registered subsidiary and so pay little or no tax.

Data collection by large corporations reveals a range of purposes, ranging from altruism to economic exploitation, and at times resulting in the violation of privacy. The growing…

View original post 740 more words

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.