New York Times (July 11)
“A deal to ensure that data from Meta, Google and scores of other companies can continue flowing between the United States and the European Union was completed on Monday, after the digital transfer of personal information between the two jurisdictions had been thrown into doubt because of privacy concerns.” It may ultimately prove a temporary patch, but the E.U.-U.S. Data Privacy Framework marks “the final step in a yearslong process,” resolving “a dispute about American intelligence agencies’ ability to gain access to data about European Union residents.” Guard rails will now allow some data collection, but the subjects will be able to object and challenge the collection.
Tags: Collection, Data, Deal, Digital transfer, Dispute, E.U.-U.S. Data Privacy Framework, Google, Guard rails, Intelligence agencies, Jurisdictions, Meta, Object, Personal information, Privacy
The Economist (December 1)
“Personal income tax accounted for only 8% of total tax revenue in China last year, compared with an average of 24% in the OECD, a group of rich countries.” This is largely because tax dodging is ubiquitous. Estimates suggest “only 2% of Chinese pay any income tax.” Since “China has run a budget deficit in 21 of the past 22 years,” however, the government is now making efforts to raise collection to 15%.
Tags: Budget, China, Collection, Deficit, Dodging, Government, Income tax, OECD, Revenue
