Monday, July 31, 2017

Indians’ flashy social media posts may soon land them in tax troubles

If you live in India and enjoy sharing pictures of your luxurious vacations and lavish shopping sprees, expect a like or two from the taxman. According to Bloomberg, a new nationwide project will see the government collect and connect data points about citizens’ spending habits to track discrepancies in their taxes. The $156 million Project Insight will scrape together data from your bank as well as from your social media accounts to get a better understanding of where your money goes, and compare with your income declaration. Yup, that’s creepy, alright. Of course, these intrusions of privacy will be justified…

This story continues at The Next Web

No comments:

Post a Comment