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Topic	Bill proposed to make tech companies disclose worth of user data
Tyranthraxus 06/24/19 1:37:22 PM #35:	Balrog0 posted... darkphoenix181 posted... s0nicfan posted... Presumably this will lead to a new data tax on tech companies, effectively charging them income tax on the value of data received each year. That's probably the real reason this is happening. I am ok with that. That would be asinine to tax revenue as income Then you only tax the purchasing party. Make the seller responsible for collecting the tax like we do with sales tax. That way you're not taxing revenue, you're taxing expenses which doesn't affect year end books. --- It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha." https://imgur.com/dQgC4kv <cite>Tyranthraxus posted [p:923778280] in Bill propo... [t:77815366]...</cite> <quote><cite>Balrog0 posted...</cite> <quote><cite>darkphoenix181 posted...</cite> <quote><cite>s0nicfan posted...</cite> <quote>Presumably this will lead to a new data tax on tech companies, effectively charging them income tax on the value of data received each year. That's probably the real reason this is happening.</quote> I am ok with that.</quote> That would be asinine to tax revenue as income</quote> Then you only tax the purchasing party. Make the seller responsible for collecting the tax like we do with sales tax. That way you're not taxing revenue, you're taxing expenses which doesn't affect year end books. --- It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha." https://imgur.com/dQgC4kv</quote> ... Copied to Clipboard!
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