Category Archives: taxes

Lege TREND. Tax Data Use by Entities that Retain, Hold and Track Your Data

Where is this proposal progressing? California

What is the proposed fee/tax? Data Dividend to be paid by businesses that hold.sell,track, sell data

The messaging: “We trade it away for so much of our experience on the internet. Money from a data tax could begin to counter this trade imbalance.”

Governing | Should Big Tech Be Taxed for Using Our Data?

Lege TREND. Wyoming. Leader in Blockchain Legislation. 4 New Bills.

Legal TREND. Health Care Data Breach Leads to All Employers have Duty to Protect Employee Data

Pennsylvania Supreme Court rules that all employers must exercise reasonable care to protect worker data.

How did they get there? A health care provider employee data breach led to a lawsuit. Lower courts sided with the employer that there was no data security requirements for employee records. The PA Supreme Court disagreed. 

Pittsburg Post Gazette | PA Supreme Court rules UPMC — and all employers — must protect workers’ data. Doing so is harder

Regulatory TREND. 4 Concerns Over State Accepting Bitcoin Payments.

  • Fees charged by bitcoin processor.  Do the fees exceed fees in other payment options
  • Fraud there is a well known Canadian bitcoin tax scam
  • Unnecessary  who wants bitcoin payment? the information according to the state will not be available until after a few months into the program
  • Safety. Is it safe?

Nextgov | Is this about grabbing some of the sizzle that comes with all things blockchain and crypto

Lege TREND. Bitcoin. Taxing Cryptocurrency miners.

Norway is changing the way it taxes bitcoin miners.

The current tax structure for cryptocurrency miners: 

  • the lower rate for power intensive industries (capacity of more than 0.5 megawatts)
  • the rate: $0.00056 per kilowatt hour
    • 2.8% of the standard tax rate

The new rate tax structure for bitcoin in Norway:

  •  $0.019 per kilowatt hour

CryptoCurrency 365 | Norway Decided to Impose Normal Electricity Tax on Miners