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–Step by step: Finance ministers of G-7 member states made progress over the weekend to secure global tax reforms that would hurt the profits of tech giants. But Republicans are worried.
— Out of our hands: In response to the Supervisory Commission’s policy recommendations, Facebook said it would be best to leave an “objective review” of the events surrounding the Capitol riots on January 6 to lawmakers and independent researchers. T.
— #EyesOnAmazon: Advocates will pressure Amazon to stop selling and developing facial recognition technology this week and end its partnership with law enforcement agencies.
Happy Monday! Welcome to MorningTec. I’m your host, Benjamin Din. Tips: I ate Beyond Burger Patty for lunch yesterday. It was my first time and I didn’t really understand my feelings. Have you tried it? What do you think?
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G-7 Global Tax Deal Increases To Completion — — A group of ministers met in London on Saturday, including Treasury Secretary Janet Yellen. Who called the preliminary agreement Signs of a resurgence of multilateralism.
— — “Historical” transactions: G-7 group Agreed on a world minimum tax of at least 15% And the abolition of the so-called digital services tax, which is said to discriminate against major US high-tech companies, marks President Joe Biden’s victory ahead of this week’s block leaders’ summit in Cornwall, England. The minimum corporate tax rate will affect high-tech giants in particular, where groups are headquartered by multinational companies, such as Amazon and Google, which have been accused of avoiding tax payments outside the United States. Not only did they agree that taxes should be paid in the country in which they do business.
— — Republican backlash: Senate Finance Committee Mike Clapo (R-Aidaho) and House Ways and Means Ranking Members Kevin Brady (R-Texas) called the agreement “premature” and warned against taking any action that could adversely affect US business.
“The United States has enacted the strongest legislation. Global minimum tax for 2017. Since then, no other country has moved to establish a similar minimum tax, and it remains to be seen if it will lead to an agreement from the United States’ largest foreign competitor. ” Republicans said in a joint statement..
— Technically high rating: Google spokeswoman Jose Castagneda said the company said:[s] Facebook CEO Nick Clegg called the deal an “important first step” and tweeted: “We hope the international tax reform process will be successful, which means Facebook will pay more taxes and in different places.Matt Schruers, chairman of the Computer and Communications Industry Association, praised the agreement, but added that “this work will not be completed until the digital tax that unfairly targets US companies is eliminated.”
Note that the G-7 countries have no power Implemented tax reform on its own. Global negotiations have been an endeavor over the years, and the next step is to get G-20 support in July when the Finance Minister and Central Bank Governor meet in Venice, Italy. Global tax negotiations Is coordinated with 139 countries by the Economic Cooperation and Development Organization (OECD). Nonetheless, OECD Secretary-General Matthias Colman said the decision “adds significant momentum to future debate.”
Facebook: It’s not our job to review January. 6 Riot — Facebook said Friday it would suspend former President Donald Trump from the platform for at least two years, but did not fully commit to a comprehensive review of his role in spreading the story of his false election fraud. Instead, “independent researchers and democratically elected officials” write that they are better suited to perform an “objective review” of the event. In responding to policy recommendations From the supervisory committee.
This decision reflects the long-standing desire of social media giants To play a more direct role in cracking down on speech on the platform. CEO Mark Zuckerberg said private companies shouldn’t make such a decision, but Facebook’s attempt to hand over Mr. Trump’s proceedings to the supervisory board was two years later. Will firmly return the ball to the company court. As Cristiano reported on Friday..
— Paging Researcher: Facebook pointed out a research partnership launched last year to investigate the role of the platform in the 2020 elections and said it would extend the data collection period for those researchers. He added that he would be able to share what he discovered.
Facebook’s decision not to conduct a review also came after the Senate Republican Party Blocked formation Speaker of the House of Representatives Nancy Pelosi, an independent committee that would have investigated what happened on January 6 Proposed last week The Senate can vote again on this issue or appoint a committee to investigate the House of Representatives. Facebook added on Friday that it would cooperate with law enforcement and the federal government in the investigation.
“Other institutions are eager to be accountable to themselves,” he said. Evelyn Douek, a lecturer at Harvard Law School, wrote: Respond to Facebook’s general reaction“But Facebook shouldn’t have taken this opportunity to take better action and add to public records what caused the rebellion just because other agencies failed dramatically. It does not mean.”
— In return, Congress: “If there is no regulation, if there is no consensus I did my best from lawmakers on where to draw the line, “Craig said. In “this week” of ABC News It repeats Facebook’s call for lawmakers to act. “We need social rules set by a democratic process, not by private companies, but by lawmakers,” he added.
Amazon Eyes — Advocacy groups led by equity group MediaJustice and anti-Amazon coalition Athena told e-commerce giants “to permanently stop developing technology that threatens our lives and end all surveillance partnerships with police” for a week. Hosting action. Myaisha Hayes, Director of Campaign Strategy at MediaJustice, said:
— Further request: Last month Amazon did it Extend the moratorium indefinitely About police use of face recognition software Rekognition. But the organizers of this week’s event say the company should ban the technology forever. This was done by IBM last year. This week, the group will host multiple events with Amazon workers, activists, advocates, and workshops with Senators. Amy Klobuchar (D-Minn.) Chairs the Senate Judiciary Antitrust Law Subcommittee. And on Thursday, the first anniversary of the Rekognition Moratorium, they submit a petition to the company with a request.
It’s not just face recognition. The group has also expressed concern about a police partnership with Ring, an Amazon-owned home security company that manufactures video doorbells. Amazon Web Services is the company’s cloud computing unit, which is said to be used by government agencies and businesses to crack down on and monitor communities. And a worker tracking policy that has been criticized for being a hassle.
Amazon did not comment on the allegations, Although the company has announced a number of related changes in the last few weeks.Thursday, ring Announced video request from law enforcement It will be published. We also announced last week that we would revise our policy to record employee productivity.
Claims for New York Antitrust Violations — A law to strengthen New York’s antitrust law will be passed today by the State Senate. Invoice, S933ASponsored by Democratic Senator Michael Gianaris, it aims to update what is known as the Donnelly Act, enacted in 1899, to better address the actions of technology giants. New York State Attorney General Tish James and DC-based antitrust groups such as the Open Market Institute and the American Economic Liberties Project are backing this update.
— Biggest change: The bill will generate the same “abuse of control” claims that exist in Europe. Prosecutors would then be able to challenge the actions of companies with large market shares that may not be technically monopolistic.
— Competition with time: The legislative session ends on Thursday, so there is limited time for the legislature to pass the bill.
Phil Murphy Chairman’s longtime senior advisor and legislative director Mike Doyle The House Energy and Commercial Communications Technology Subcommittee (D-Pa.) Will assume the position of Senior Political Appointer in the National Telecommunications Information Management Bureau. … Ejinne Uzookoro He is currently the Assistant Director of Space Policy at the White House’s Office of Science and Technology Policy. Until recently she was a program executive at NASA.
Story of the origin of other Covids: “Where did the conspiracy theory of the microchip vaccine come from?” Via Verge(Hint: Reddit)
No how is it? CEO Tim Cook has planned to return to the office. Apple employees are repulsing and writing in-house letters to increase flexibility. See more..
It quickly escalated: Nigeria has shut down Twitter after the social media platform deleted the president’s tweet. WaPo ReportAnyone trying to circumvent the ban will be arrested and prosecuted. For each gizmodo..
Accidental censorship: Microsoft blamed human error rather than censorship for the lack of image results in Tiananmen’s “Tank Man” search engine. WSJ report..
Podcast OTD: Lear participates in the American Bar Association’s “Our Curious Amalgam.” Chat about the role of journalism in antitrust law(We’ll also talk about meeting in the parking lot to exchange secret documents!)
Existential crisis: The UK Long-Term Resilience Center has identified artificial intelligence and biosecurity as two extreme human risks. Possible solutions: Chief Risk Officer. Axios also..
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Technology industry praises progress in global tax negotiations
Source link Technology industry praises progress in global tax negotiations