Israel’s Finance Ministry and tax authority announced in the last week of April that they intend to bring a digital sales tax (DST) that may reap some ILS 1 billion ($280 million) for its treasury. The tax authorities will be working on the development of a tax on the sales of foreign digital companies in the Israeli marketplace.
The authorities ...
There’s nowhere to hide from the assault on privacy. It’s what threatens modern technology-oriented life and makes it completely different from life just 20 years ago or less.
At first glance, invasion of privacy is not happening within our homes. After all, a man’s home is his castle. If the historic perception of privacy was a man’s right to be ...
The U.S. Securities and Exchange Commission (SEC) has published a framework for analyzing whether digital assets are “investment contracts” securities. The framework is said to present the views of its authors and is not officially recognized by the commission. However, it is meant to provide guidance on this topic.
The U.S. Supreme Court's landmark decisions in Howey from the 1940s ...
The European parliament has approved changes to the EU consumer protection rules, which govern online marketplaces and comparison services, such as eBay, Amazon, Skyscanner and Airbnb.
According to the new rules, enacted as a European Union Directive, marketplaces and comparison services will have to disclose the key parameters that determine how listings resulting from search queries are ranked. Marketplaces and ...
The European Parliament voiced its support of a proposed regulation imposing a fine of up to 4% of an online service provider’s turnover if it does not remove terrorism-inciting content within one-hour of notification by authorities.
The proposed regulation also requires Internet service providers to take proactive measures to protect their services against the dissemination of terroristic content. The measures ...
The long awaited and controversial Israeli Credit Data Law, 5776-2016 has come into force on April 12, establishing an overall framework for collecting credit data into a Central Credit Register, operated by the Bank of Israel (Israel’s central bank), and providing it from there onward to Credit Bureaus that engage in credit rating assessments.
The new law requires institutions such ...
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