ITALY: Use social-media data in fight against tax evasion says Leo

The government is looking at the use of data scraping from social-media platforms in the battle against tax evasion, Deputy Economy Minister Maurizio Leo said on Wednesday.

“What needs to be done, and what we are working on with the Inland Revenue Agency (l’Agenzia delle Entrate), and (public IT agency) Sogei, is so-called ‘data scraping’, which means taking account of the standard-of-living data that professionals and entrepreneurs publish on social networks (and seeing if it is compatible with their tax declarations),” Leo said.

“We have already started discussing this the privacy authority, and they are willing to cooperate, as long as the protection of personal data is not prejudiced.

“Collaboration with the (privacy) authority is absolutely fundamental.

“Tax evasion is huge weight (on society), like terrorism, and we all must cooperate”.

8 February 2024

Carey Olsen advises Align Partners Capital Management on formation of latest fund

Press Release from: Carey Olsen, Thursday 8 February, 2024.  Carey Olsen Hong Kong has advised on the Cayman Islands legal and regulatory aspects of the formation of Align Partners Korea Fund, Align

Read More
16 February 2024

US: US, five European countries extend truce over digital taxes until mid-2024

The U.S. and five European countries agreed on Thursday to extend a trade truce over digital services taxes for six months to buy more time for negotiations on international taxing rights over large,

Read More
7 June 2024

ASIA: China Plans New Way to Measure Products’ Carbon Footprint

China has announced plans for a new method to measure the ‘carbon content’ of its products – an issue that has caused tension with some of its trading partners. This move, seen as a key step in

Read More
7 February 2024

UK: AML compliance failures are rife in the UK

An analysis of more than 1,600 ‘anti-money laundering (AML) events’ recorded across the UK in the last decade shows money laundering is the most prevalent issue (27.5%), a new report has revealed.

Read More