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A NY law would tax Facebook, Google, and other companies for using your personal data

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Photo: Manhattan skyline. Photo by Patrick Tomasso on Unsplash. Article by Ruth Reader. Fast Company – May 12, 2021.

A legislator in New York is introducing a law that would tax companies for the revenue they earn on consumer data, part of a wave of similar legislation.

States are broaching a new way to incentivize companies to keep data private—a sales tax. The latest effort comes from New York State Senator Andrew Gounardes, who has introduced the Data Economy Labor Compensation and Accountability Act in collaboration with Brooklyn Borough President Eric Adams. The proposal would enact […]

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