Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Monday 4 March 2019

Taxing the Data Thieves ?




Dear Anurag Thakur,

[Chairman, Parliamentary Committee on IT  ]


I am sure the following news could not have escaped your attention :


Extract :
France intends to tax the revenue of about 30 Internet giants such as Amazon.com Inc. to help ensure “ fiscal justice,” according to Finance Minister Bruno Le Maire.

The levy of as much as 5 percent of French sales will start Jan. 1 and potentially raise about 500 million euros ( $570 million = Rs 4,000 Crore ) for the state, Le Maire told Le Parisien newspaper.

Spain and the U.K. are also working on digital sales taxes…………

France intends to tax revenues from local targeted ads, marketplaces and the re-selling of personal data.
=============================================
Now , our population at 1300 million is 20 times that of France ( at 65 million )

So , we could justifiably demand that those Social Media pay us , twenty times as much ( 10 billion euros = approx. Rs 80,000  crore / year )

And without getting into the hassle of :

#    Determining how much was the global sales revenue and local sales revenue of each Social Media

#   Serve a tax notice ( bound to be challenged and only to end up in years-long court cases )

#   Decide how to use that money ( if and when collected ) for which section of society , when and how

It is much better / easier / faster to just implement :

Digital Dividend from Demographic Data [ 4 D ] 

 

This is the only way to,


#   Stop those “ Data Thieves “ from stealing our personal data and force them to


#   Compensate the “ Data Owners “ by transferring the “ Purchase Price “ directly into their

     bank accounts



What is more :


#  IndiaDataCustodian which acts as a conduit for these payments ( a “ pass through “)
     will have complete record of payments earned by each registered citizen


#  This can be made an integral component of planned Data Protection Law


#  No one in opposition dare oppose this !



Dear Anurag,


In your quiver , this is the BRAHMASTRA - the ultimate weapon

   
And time to use it has come


Only you can decide what you want the HISTORY to remember you for  !

====================================================================

05  March  2019

Rsvp :  hcp@RecruitGuru.com




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