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"Privacy Tax" Proponent Now Wants To Tax Data

PRIVACY

February 20, 2013

Nicolas Colin, a tax inspector for the Ministry of the Economy and Finance in France who recently suggested a “privacy tax” there, has an idea that is “every bit as radical as the invention of income or sales taxes,” NBC News reports. Colin wants to tax data. “What we do leaves traces, generates data. This data can be leveraged to create value…In the digital economy, users create part of the value alongside employees, contractors, capital and companies’ assets,” he said. The suggestion comes as countries express frustration on how to collect taxes from large digital companies generating income in countries but paying no taxes there.
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