DIGITAL TAX DODGE: Will tech giants pay up?
According to leading UK psychiatrists, tech giants like Facebook, Google and Twitter should be charged an additional “turnover tax” in order to fund research into the damage done by their social media..
According to leading UK psychiatrists, tech giants like Facebook, Google and Twitter should be charged additional «sales tax» to fund research into the damage done by their social media platforms.
The Royal College of Psychiatrists released a report Friday calling on the British government to force such tech companies to pass data to universities to help researchers understand the impact of malicious online content on the mental health of children and adolescents..
In this report, doctors also recommend «levy a tax on tech companies proportional to their total turnover».
«This will be used to fund independent research and training programs for doctors, teachers and others working with children and youth.», – said at King’s College.
According to government proposals, the UK intends to create an industry-funded regulator that could impose heavy fines on internet companies, block people from accessing certain websites, and potentially hold high-level executives accountable..
The college offered to commission this independent observer to impose a tax on the income of digital companies. The topic of taxation is especially sensitive for technology enterprises, which face pressure from global regulators to increase their tax payments..
France last year imposed a 3% tax on the income of tech companies including Google, Amazon, Facebook and Apple. London also plans to introduce the so-called, «digital tax».
Talk about the impact of social media on mental health, especially on the younger generation, is highly sensitive in British society. Death of Molly Russell, who committed suicide at age 14 after watching videos of self-harm. Then Facebook-owned Instagram banned graphic images showing self-harm.
The girl’s father supported the call of the Royal College of Psychiatrists to force large technology companies to make more efforts in relation to the harmful content distributed through their services. In the report, he says that while technological progress brings «many advantages», «accelerating development processes can easily mask the increased harm that will inevitably follow».