Friday, April 20, 2018

How the EU could change the world through Data Asylum

 Image result for Facebook, and other tech companies, set up a fake International Head Quarters in Ireland to avoid paying US taxes.

Here's an interesting though(t) experiment.

The EU's new data privacy law is just about to come into effect (May 25th).

That law makes it very hard for Facebook and other services to collect data on individuals because it has a very high privacy standard.

That's a problem for Facebook and many other Internet companies. 

Facebook, and other tech companies, set up a fake International Head Quarters in Ireland to avoid paying US taxes.

However, since Ireland is part of the EU, all two billion plus Facebook users now fall under the EU's new data protection law (GDPR). 

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