The largest regulatory fine leveled against a company since the General Data Protection Regulation was enacted in May 2018 is poised to reshape business compliance practices across industries. In late January, CNIL fined a big-tech giant nearly $57 million, citing what the French data-protection regulator saw as failure to meet the core requirements of informed consent under GDPR. As the decision goes through appeal, the debate is far from settled about what constitutes informed consent in personal data collection. Nor will the scythe cut only the tallest grass. Read the full report.
Category Archives: Compliance
Just as indirect tax regimes continue to grow, with India the most recent country to adopt a nationwide GST regime, in July 2017, many countries are adding a new weapon to their arsenals to ensure indirect tax compliance: e-invoicing. Driven by emerging digital frontiers and globalization, which makes tax collection even trickier, governments are increasingly leveraging technology to strengthen collection of indirect and customs taxes. In many countries, this effort has gone hand in hand with requirements to provide electronic files directly from companies’ enterprise resource planning (ERP) systems. That move, in turn, provides governments a more efficient means of […]