Martin Zahariev comments on the digital tax and the fake content on the Internet on Bloomberg TV
17 January 2020
The 50th World Economic Forum (WEF) Annual Meeting will be held on 21-24 January 2020, in Davos, Switzerland. One of the four global issues put on the agenda of the world leaders is how to govern the technologies driving the fourth industrial revolution, so they benefit business and society while minimising the risks to them. In this context, Martin Zahariev, PhD, a lawyer at Dimitrov, Petrov & Co. and expert at the Law and Internet Foundation, was invited in the morning block of Bloomberg TV, where he presented his views on the recent developments related to the digital tax and the fake content on the Internet.
The expert's opinion is that the introduction of a tax on the activity of technology giants requires a supranational solution establishing common rules for all countries. Taxing them in some countries only would lead to trade conflicts and penalties to the detriment of end-users. According to att. Zahariev, the issue is complicated because it concerns the sovereign right of states to determine their tax policy, on the one hand, and the freedom of businesses to choose the place of their tax registration – on the other. He expressed hope that an agreement in principle on this issue will be reached at the forthcoming WEF Annual Meeting.
Martin Zahariev also commented on Facebook's recent decision to ban videos manipulated by artificial intelligence (known as deepfake videos) on its platform, so that they are not misused in the upcoming US presidential campaign.
Full interview of Martin Zahariev (in Bulgarian) can be seen here.
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