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Chinese official's suggestion to impose data tax on China's internet giants causes concern among firms

November 28, 2021
Source: aninews.in aninews.in
News Snapshot:
Beijing [ China ], November 28 (ANI): A Chinese official's suggestion that Chinese internet companies should pay data tax has caused concern among firms. A former Chinese official Huang Qifan suggested the "data tax" in a speech he gave in a Shanghai forum on October 24, Asia Times reported. Huang said that the Chinese internet companies should pay a tax when trading their users' personal data, a levy that if implemented would represent another regulatory risk and a possible drain on their bottom lines. The policy suggests that profits made by tech companies through data must be returned for the...
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