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The Taxman Cometh For Big Data-Driven Companies
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Stratocaster
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Stratocaster,
User Rank: Apprentice
2/22/2013 | 11:08:40 PM
re: The Taxman Cometh For Big Data-Driven Companies
A way to raise more revenue not mentioned is to eliminate the exemption granted to online-only stores to avoid having to collect and remit sales tax on purchases to state governments. The online merchant model is sufficiently established and successful it no longer needs or warrants this subsidy. Brick-and-mortar stores such as Walmart, Target, and Best Buy are clamping down where possible on the practice of "showrooming". The practice and freedom from sales tax collection sounded the death knell for most retail camera stores years ago.
RobPreston
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RobPreston,
User Rank: Author
2/20/2013 | 2:03:26 PM
re: The Taxman Cometh For Big Data-Driven Companies
Amen, brotha.
sjacks982
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sjacks982,
User Rank: Apprentice
2/16/2013 | 6:26:19 PM
re: The Taxman Cometh For Big Data-Driven Companies
You speak of taxing physical transactions but the article title is "big data". The US Federal Government taxes earnings however States like NY and NJ tax property valuation, Federal Courts have resolved that Data is owned by where it resides, e.g. where your service provider data center is located, and that "Data" can be assessed as property. (Also, protection from "Search and Seizure" does not apply if your data is not at your company owned facility.) (In Office365, MS keeps duplicates in Washington State and Virginia so your Data could be taxed twice; WA has the onerous B&O taxation.)
apeterson275
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apeterson275,
User Rank: Apprentice
2/16/2013 | 4:50:50 PM
re: The Taxman Cometh For Big Data-Driven Companies
Please don't tax commerce and innovation.

Regardless if a Democrat, Republican, or other party affiliation is driving the old, smoggy, 1 mpg truck that is our government today - we should insist they improve the efficiency of their operations before we pay for one more drop of gasoline.
moonwatcher
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moonwatcher,
User Rank: Strategist
2/8/2013 | 2:36:17 PM
re: The Taxman Cometh For Big Data-Driven Companies
Ah, everybody is for government spending except when the taxman comes for them and sticks his hand inside their pockets. How ironic. Besides, last time I looked Amazon wasn't all that profitable. And with Google being big supporters of liberal Obama, would he bite the hand that feeds him?

Besides, taxing carbon emissions is stupid and self-defeating as long as nations such as India and China continue to add coal fired electricity plants at the rate of one per day. And the idea that something as complex as the Earth's climate is controlled by only one variable (the percentage of the atmospheric trace gas carbon dioxide) is ludicrous no matter how many government grant grubbing scientists parrot that notion.

It is all about increasing taxes and not about saving the environment, the earth, or making life better for mankind. Using the billions wasted on a foolish carbon emission trading scheme instead for simple things such as providing mosquito nets and vacinations for children in Africa would do more good.
J. Nicholas Hoover
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J. Nicholas Hoover,
User Rank: Apprentice
2/7/2013 | 4:20:23 PM
re: The Taxman Cometh For Big Data-Driven Companies
It's worth noting here that in other tech tax news, states are beginning to say that cloud computing services should be subject to sales taxes on the theory that software is taxable however delivered and sold. I wonder if the tax code has forever had trouble keeping up with the pace of innovation and adjusting to new technologies.
MedicalQuack
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MedicalQuack,
User Rank: Moderator
2/4/2013 | 3:45:00 PM
re: The Taxman Cometh For Big Data-Driven Companies
We should be taxing the data sellers, active campaign for me for over a year as companies make billions in profit and nobody sees it. Model it just like a sales tax requiring a license and a federal site to where those who are licensed disclosed what kind of data they sell and to who. We need this as consumers are getting ripped in not knowing. I wrote a series of posts called The Attack of the Killer Algorithms with every day examples on how the data is increasingly becoming flawed as companies write code and relate data to make a buck at times when there's really no relationship with the data tables, but market it again to make a buck and consumers are hurt. FICO is huge example with their nonsense medication compliance analytics which is all bogus.

http://ducknetweb.blogspot.com...


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