#new pan card apply online 2023

[techgurusaurabhsblog]

Pan card apply online 2023 | Pan Card Kaise Banaye | How to apply pan ca...

[livemintvideos]

Nirmala Sitharaman's proposal for PAN card holders | Mint Primer | Mint

While presenting the last full budget of the current central government, Finance Minister Nirmala Sitharaman has proposed to use PAN card as a common identifier for all digital system at government agencies. The move is expected to simplify KYC process and make it simple for the Income Tax Department and other government agencies to manage documents of the PAN cardholders. Let's hear what the industry's best minds have to say about the consequences of this move.

[wehaventanypassion]

8 Important Regulatory Changes Taking Effect on October 1, 2023, that will impact your Daily Life!

Starting October 1, 2023, get ready for some game-changing rules that will impact your daily life in various ways.

Here are 8 fresh regulations you should be aware of:

1) Birth Certificates for Everything:

The new law is all about simplifying life. If you are born after the Registration of Births and Deaths (Amendment) Act, 2023 came into play, your birth certificate is about to become your all-in-one proof for various important things.

Imagine this: just your birth certificate would be sufficient to prove your time and place of birth for getting into school, snag a driver's license, join the voter list, registering your marriage, or even get a job in the government, public sector, or any important government-related paperwork.

So, this little piece of paper can open big doors in your life! It's a game-changer for anyone born after this law started, making things much simpler. No more juggling multiple documents to confirm your birthdate and place! Plus, it simplifies the process of registering adopted, orphaned, surrendered, surrogate, and single-parent children.

2) New 20% TCS Rule for International Ventures:

If you're planning international escapades, investing in foreign stocks or pursuing higher education abroad, listen up. Starting October 1, a new TCS rule takes effect. If your spending abroad exceeds a specific limit in a financial year, TCS applies. The good news is that international credit card users won't face this tax, as clarified by the Finance Ministry. Under the Liberalised Remittance Scheme (LRS) of the Reserve Bank of India (RBI), you can remit up to $250,000 in a financial year. Starting from October 1, 2023, all overseas outward remittances, except for medical and educational purposes, over a threshold limit of Rs 7 lakh in a financial year will attract a TCS of 20%.

3) Online Gaming's Tax Twist:

Gamers, take note! Starting October 1, online gaming will come with a 28% GST tag. Finance Minister Nirmala Sitharaman announced this change in August. The tax calculation for online gaming and casinos will be based on the amount paid or deposited with the provider, excluding your winnings. So, while you enjoy gaming, be prepared for a bit more taxation fun.

The Finance Minister had a clear message about how taxes will work in the world of gaming.

Picture this: You're in Goa, trying your luck at a casino. You bet Rs 50,000 and win Rs 5,000. Under the new 28% GST rule, you're only taxed on the initial bet of Rs 50,000, which amounts to Rs 14,000. However, no GST is applicable on betting made in multiple rounds, including bets made with winnings from the previous round.

If you bet additional Rs 10,000 , the tax applies to that extra amount.

4) No More Automatic Tax Refunds for Some Items:

To tackle tax fraud, there's a change coming on October 1. If you're exporting items like pan masala, tobacco, and similar products, you won't automatically get your Integrated GST (IGST) refunds anymore. Instead, you'll need to approach tax officers for approval to get your refund. These items typically fall under 28% Tax bracket plus cess.

5) Deadline to Update Mutual Fund Folio Nomination

The SEBI has made it mandatory to add nominees for all existing mutual fund folios, including jointly-held ones. The deadline to update the nomination for your mutual fund investments is September 30, 2023. On failing to do so, your folios will be frozen for debits as per SEBI. This simply means you won’t be able to make any withdrawals from your mutual funds. Yesterday SEBI extended the nomination deadline till 31 December 2023

6) Deadline to Update Trading, Demat Account Nomination

Same as Mutual Fund Folio Nomination, The SEBI has made it mandatory to add nominees for all Trading and Demat Accounts. The deadline to update the nomination was 30 September 2023. Yesterday the deadline is extended to 31 December, 2023

7) Deadline to Update Adhaar with various Small Savings Scheme

The Ministry of Finance has made it mandatory to link Aadhaar with the small savings schemes, including the Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), and Post office deposits. The deadline to link Aadhaar to these schemes is September 30, 2023. On failing to do so, your investments in these small savings schemes will be frozen.

8) Safety Ratings for Cars:

Starting from October 1, 2023, India is rolling out its first-ever car crash testing program called Bharat New Car Assessment Programme (BNCAP). Here's the deal: car manufacturers can voluntarily test their vehicles based on specific industry standards. After the tests, cars will receive star ratings for how well they protect adult and child occupants during crashes. These ratings will help you decide which car is safer to buy. So, when you're shopping for a new ride, keep an eye out for those safety stars!

These new rules aim to make life simpler and ensure that the government can provide better services while collecting the necessary taxes for a stronger nation. These changes might affect your pocket and your safety.

Stay informed, stay prepared!

[24efiling]

A GUIDE  ALMANAC TO INCOME TAX RETURN FILING

Are you someone who has moved to Hyderabad recently to find a job or to do a job? Are you someone, In case if you are  residing and doing a job in Hyderabad then you must know that all earning individuals in Telangana must  file pay professional income tax returns (ITR) as per their Income, as per Indian Govt rules  

According to the 2023 Oxford Economics report, Telangana’s capital city is expected to beat economic growth among many global cities in the Asia Pacific region. ( Add citation link as a superscript )  

The city has surpassed Bengaluru in the new office space addition in the first half of the financial year 2022-23. The city is on its way to becoming a larger economy with different types of businesses. ( Add Graph screenshots )  

The need for income tax filing also increases as there is exponential growth in the economy and the number of people filing.

Most people refrain from doing it because of the hectic procedures, but do you know that it is mandatory and also your right as it is the confirmation of your income?  

If not, then you must read more about Income Tax filing and its benefits.

What is Income Tax Return Filing?  

According to the Income Tax Act, Filing IT to the government of India is mandatory for all Indian Citizens to file Income tax returns. All individuals, an association or a firm, LLP, a local authority, or a Hindu undivided family are required to pay the income tax for each financial year under Income Tax laws.  

 Income Tax Return is often termed as ITR or IT returns. Through this ITR filing a taxpayer must record his total income earned during the fiscal year. Individuals can file their taxes Online or Offline at their convenience. It is filed in seven different forms: ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6, and ITR 7  

Documents required for Filing ITR  

To file income tax returns online, certain documents are necessary. These include,  

Pan card

Form 26AS

Form 16A, 16B, 16C

Salary Pay slips

Bank statements

Interest certificates

TDS certificate

Proof of tax-saving investments

Process of Filing Income Tax Returns  

Step 1 – Evaluate your income tax liability using the procedures outlined in the Income Tax Rules.  

Step 2 – Check Form 26AS for a summary of your TDS payment for each quarter of the assessment year.  

Step 3 – Check which group you fall into based on the eligibility requirements provided by the Income Tax Department (ITD).  

Step 4 – Go to the Income Tax Department’s official e-filing portal at https://eportal.incometax.gov.in/iec/foservices/#/login.  

Step 5- If you are a first-time user, click the ‘Register’ button to create an account. If you have registered before, click the ‘Login’ option.  

Step 6 – Under the ‘e-file’ menu, select the ‘File Income Tax Return’ option.  

Step 7- From the website’s list, select the category that applies to you – individual, Hindu Undivided Family (HUF), and so on.  

Step 8 – Select the appropriate ITR Form for your situation.  

Step 9- Enter your bank account information. If you have previously submitted the same information, you will be requested to pre-validate the information.  

Step 10 – Review the pre-filled details of your ITR on a new online page. Check the details and make any necessary adjustments. Once you are certain that all of the relevant data in the form is correct, confirm and validate it.  

Step 11 – When the process is finished, verify the returns and mail a hard copy to the Income Tax Department.

Due Date for filing ITR 2023-2024  

According to the Income Tax Act, penalties may arise if the income tax is not paid within the specified period. Income tax return filing should be completed within the assessment year following the financial year. The government may extend the due dates, and there are penalty provisions under Sections 234 A and 234 F of the Income Tax Act.  

Category of Taxpayer  

Penalties for Late Filing ITR  

Huge penalties are imposed on the taxpayer if the returns are not filed by the deadline. If the returns are not filed, the person may experience extra hassles and repercussions in addition to penalties. Individuals may be subject to fines ranging from Rs. 1,000 to Rs. 10,000 depending on when their returns are filed beyond the deadline.

Importance of Filing ITR  

Failing to file an income tax return can result in fines and legal repercussions. Income tax reports are required to be filed by everyone with a particular level of income.  

Submitting an ITR is evidence of income and is frequently needed when requesting loans, visas, or other official documents.  

Filing an ITR enables people to claim tax credits and benefits, lowering their tax obligations and raising their take-home pay.  

It indicates financial responsibility and dependability to lenders and financial institutions, completing ITR on a regular basis can help improve a credit score.  

Last but not least, submitting an ITR also aids in the development of the country because taxes collected by the government are used for the development of infrastructure, social welfare programs, and other public services.  

For taxpayers in India, Filing Income Tax Returns (ITR) is a requirement that must be fulfilled in order to reap several benefits. ITRs are also used as proof of income for self-employed people, and they can speed up the loan and visa application process.  

The Income Tax Department’s streamlined e-filing approach makes it simple for people to file their ITRs from the comfort of their homes. To avoid any inconvenience and enjoy the benefits that come with it, it is therefore advised that all taxpayers file their ITRs on time.  

If you still need help regarding filing your income tax, Contact our Tax filing experts at 24efiling by clicking here

Reference:  

https://www.bankbazaar.com/tax/income-tax-return.html

https://groww.in/p/tax/income-tax-return

https://www.financialexpress.com/money/income-tax/itr-e-filing-start-date-2023-on-incometaxgovin-when-will-income-tax-return-filing-begin-this-year/3051603/

Income tax ,TDS,GST, private limited ,LLP,

[pooma-education]

For the attention of students and their parents who are preparing for college admission..

🍁

தமிழில்

In this 2023-24 academic year, People who want to enroll their children in Arts, Science, Engineering, Medicine and Law colleges will save the last minute hassles and time by getting the following things sorted out first.

▪️ We know that +2 exam results for the year 2023 will be out soon

▪️Take 10 passport size color photos and 4 stamp size photos of the students. Also buy and keep them in digital format.

▪️ Open a savings account in any nationalized bank in the name of the students, and those who do not have a PAN card should apply and take it during the holidays to open a bank account.

▪️ Those who do not have the original birth certificate, it is better to apply to any panchayat board / municipality / corporation and get a new birth certificate.

▪️ Those who do not have caste certificate (Community certificate) / those who do not have the original in their hand should buy a new one and keep it. This certificate is now given in digital form with QR code.

This certificate is required to get a seat in government reservation in the college. It is also required to apply for scholarships.

▪️ People who don't have a birth certificate should buy a new one and keep it. This certificate is now given in digital form with QR code. This certificate confirms that you belong to Tamil Nadu and is required to get a seat in a government reserved seat in an engineering/medical college.

▪️ First generation graduate certificate (First generation graduate certificate) should be purchased and kept by those who are eligible. First generation graduates are given a special discount on college fees.

▪️ Income certificate, needy people should buy and keep it. It is required to apply for scholarships in schools, colleges and for entrance examinations.

▪️ Students in need of first generation graduate certificate, income certificate, caste certificate, birth certificate should apply and purchase them now through e-service centers. Will be available within 1-2 weeks.

▪️ Candidates who want to apply for NEET exam and medical admission (MBBS/ BDS) should have digital scan of photo and fingerprints. Caste certificate of parents is also required.

Advice for parents,

1. Those who have not added the names of the students to the family card called ration card, it is better to add them now.

2. Take xerox of student's TC, Mark sheet and all certificates at home or save all certificates in PDF format on computer. At least 10 copies of everything are required.

3. It is better for students and parents to discuss and decide which college/which course they want to admit their children before the results of the +2 examination are available.

Students' names, date of birth, address, parents' names in all certificates, documents like family card, aadhaar card, driving license etc. should be checked that they are correct and same without spelling mistakes.

Get to know about college admission information through newspapers, TV and related websites.

At present most of the Arts/Science/Engineering/Law college courses require online application only.

Most of the private Arts-Science colleges have already started admission application distribution/ online registration.

கல்லூரியில் சேர்க்கைக்கு தயாராயிருக்கும் மாணவர்கள் மற்றும் அவர்களின் பெற்றோர்களின் கவனத்திற்கு..

இந்த 2023-24 கல்வியாண்டில்

கலை, அறிவியல், பொறியியல், மருத்துவம் மற்றும் சட்டக் கல்லூரிகளில் தங்கள் பிள்ளைகளை சேர்க்க வேண்டும் என்று உள்ளவர்கள் கீழ்கண்ட விசயங்களை முதலில் சரிசெய்து வைத்து கொள்வது கடைசி நேர அலைச்சலையும் நேரத்தையும் மிச்சப்படுத்தும்.

▪️ 2023ஆண்டுக்கான +2 தேர்வு முடிவுகள் மே மாதம் 08 ஆம் தேதி வரவுள்ளது என்பதனை அறிவோம்.

▪️மாணவர்களின் பாஸ்போர்ட் சைஸ் கலர் போட்டோ 10 ம், ஸ்டாம்ப் சைஸ் போட்டோ 4 ம் எடுத்து வைத்துக் கொள்ளவும். மேலும் அவற்றை டிஜிட்டல் வடிவிலும் வாங்கி வைத்துக்கொள்ளவும்.

▪️ மாணவர்கள் பெயரில் ஏதேனும் ஓர் தேசிய மயமாக்கபட்ட வங்கியில் [Nationalized bank] சேமிப்பு கணக்கு ஒன்று துவக்கி வைத்துகொள்ளவும், வங்கி கணக்கு துவங்க பான் கார்டு PAN CARD இல்லாதவர்கள் விடுமுறையில் விண்ணப்பித்து எடுத்துக் கொள்ளவும்.

▪️ பிறப்பு சான்றிதழ் (Birth certificate) ஒரிஜினல் இல்லாதவர்கள் பஞ்சாயத் போர்டு /நகராட்சி/ மாநகராட்சி ஏதேனும் ஒன்றில் விண்ணப்பித்து புதிய பிறப்பு சான்றிதழ் வாங்கி வைத்து கொள்வது நல்லது.

▪️ சாதி சான்றிதழ் (Community certificate) இல்லாதவர்களும் / ஒரிஜினல் தங்கள் கைவசம் இல்லாதவர்ககளும் இது சமயம் புதியது ஒன்று வாங்கி வைத்து கொள்ளவும். இச்சான்று தற்போது QR code-உடன் கூடிய digital வடிவில் கொடுக்கப்படுகிறது.

இந்த சான்றிதழ் கல்லூரியில் அரசு இடஒதுக்கீட்டில் இடம் கிடைக்க தேவை. மேலும் கல்வி உதவித்தொகைக்கு விண்ணப்பிக்க இது தேவை.

▪️ பிறப்பிட சான்றிதழ் (Nativity certificate) இல்லாதவர்கள் புதியது ஒன்று வாங்கி வைத்து கொள்ளவும். இச்சான்று தற்போது QR codeஉடன் கூடிய digital வடிவில் கொடுக்கப்படுகிறது.

இந்த சான்றிதழ் நீங்கள் தமிழ்நாட்டை சேர்ந்தவர்தான் என்பதை உறுதிபடுத்தி, பொறியியல்/ மருத்துவ கல்லூரியில் அரசு இடஒதுக்கீட்டில் இடம் கிடைக்க தேவை.

▪️ முதல் தலைமுறை பட்டதாரி (First generation graduate certificate) சான்றிதழை, தகுதியானவர்கள் வாங்கி வைத்துக்கொள்ளவும். முதல் தலைமுறை பட்டதாரிகளுக்கு கல்லூரி கட்டணத்தில் சிறப்பு சலுகை வழங்கப்படுகிறது.

▪️ வருமான சான்றிதழ், தேவையுள்ளவர்கள் வாங்கி வைத்துக்கொளவும். இது பள்ளி, கல்லூரிகளில் கல்வி உதவித்தொகைக்கு மற்றும் வருவாய்வழி தேர்வுகளுக்கு விண்ணப்பிக்க தேவை.

முதல் தலைமுறை பட்டதாரி சான்றிதழ், வருமான சான்றிதழ், சாதி சான்றிதழ், பிறப்பிட சான்றிதழ் தேவையுள்ள மாணவர்கள் இப்பொழுதே இ- சேவை மையங்கள் மூலம் விண்ணப்பித்து வாங்கி வைத்து கொள்ளவும். 1-2 வாரங்களுக்குள் கிடைத்துவிடும்.

▪️ நீட் தேர்வு மற்றும் மருத்துவ சேர்க்கைக்கு (MBBS/ BDS) விண்ணப்பிக்க விரும்புவர்கள், போட்டோ மற்றும் கைரேகைகளை டிஜிட்டல் வடிவில் ஸ்கேன் செய்து வைத்திருக்கவேண்டும். மேலும் பெற்றோர்களின் சாதி சான்றிதழும் தேவை.

பெற்றோர்களுக்கான அறிவுரை,

1. மாணவர்களின் பெயர்கள் இதுவரை ரேஷன் கார்டு எனும் குடும்ப அட்டையில் சேர்க்காதவர்கள் இப்பொழுதே சேர்த்து கொள்வது நல்லது.

2. மாணவர்களின் TC, Mark sheet மற்றும் எல்லா சான்றிதழ்களையும் ஜெராக்ஸ் எடுத்து வீட்டிலும் அல்லது எல்லா சான்றிதழ்களையும் கணிப்பொறியில் PDF வடிவில் சேமித்து வைத்துகொள்ளவும். குறைந்தது எல்லாவற்றிலும் 10 காப்பி தேவை.

3. பிள்ளைகளுக்கு +2 பரிட்சை முடிவுகள் வரும் முன்பாக தாங்கள் பிள்ளைகளை எந்த கல்லூரியில்/ எந்த பாடப்பிரிவில் சேர்ப்பது என மாணவர்களும் பெற்றோர்களும் பேசி தீர்மானம் செய்து வைத்து கொள்வது நல்லது.

மாணவர்களின் பெயர்கள், பிறந்த தேதி, முகவரி, பெற்றோர்களின் பெயர்கள் எல்லா சான்றிதழ்களிலும், குடும்ப அட்டை, ஆதார் அட்டை, ஓட்டுநர் உரிமம் போன்ற ஆவணங்களிலும், எழுத்துப்பிழை இன்றி சரியாக, ஒரே மாதிரியாக உள்ளதா என்று சரிபார்க்க வேண்டும்.

கல்லூரி சேரக்கை தகவல்களை நாளிதழ், டிவி மற்றும் தொடர்புடைய இணையதளம் மூலம் அறிந்து வரவும்.

தற்பொழுது பெரும்பாலான கலை/அறிவியல்/பொறியியல் /சட்டக் கல்லூரி படிப்புகளுக்கு சேருவதற்க்கு ஆன்லைன் மூலம் மட்டுமே விண்ணப்பிக்க வேண்டும்.

பெரும்பாலான தனியார் கலை-அறிவியல் கல்லூரிகள் சேர்க்கை விண்ணப்ப விநியோகம்/ ஆன்லைன் பதிவை ஏற்கனவே ஆரம்பித்துவிட்டன.

[sapootindia]

PAN Card Online Apply 2023: Create your PAN card in 5 minutes sitting at home, know complete information through online medium-Very Useful

PAN Card Online Apply 2023: Hello friends, if you want to get a new PAN card, then now you do not need to go anywhere because the process of making a new PAN card has already been made very easy, now even sitting at home, apply PAN card online 2023 can do

PAN Card Online Apply 2023: Hello friends, if you want to get a new PAN card, then now you do not need to go anywhere because the process of making a new PAN card has already been made very easy, now even sitting at home, apply PAN card online 2023 can do . For your information, let us tell you that, for PAN card online application 2023, you will need your Aadhaar card, if your Aadhaar card is…

[endenogatai]

UK to set up ‘pro-competition’ regulator to put limits on big tech

The UK is moving ahead with a plan to regulate big tech, responding to competition concerns over a ‘winner takes all’ dynamic in digital markets.

It will set up a new Digital Market Unit (DMU) to oversee a “pro-competition” regime for Internet platforms — including those funded by online advertising, such as Facebook and Google — the Department of Digital, Culture, Media and Sport (DCMS) announced today.

It’s moving at a clip — with the new Unit slated to begin work in April. Although the necessary law to empower the new regulator to make interventions will take longer. The government said it will consult on the Unit’s form and function in early 2021 — and legislate “as soon as parliamentary time allows”.

A core part of the plan is a new statutory Code of Conduct aimed at giving platform users more choice and third party businesses more power over the intermediaries that host and monetize them.

The government suggests the code could require tech giants to allow users to opt out of behavioral advertising entirely — something Facebook’s platform, for example, does not currently allow.

It also wants the code to support the sustainability of the news industry by “rebalancing” the relationship between publishers and platform giants, as it puts it.

Concern over how to support quality public interest journalism in an era of ad-funded user-generated-content giants has been stepping up in recent years as online disinformation has been actively weaponized to attack democracies and try to influence votes.

“The new code will set clear expectations for platforms that have considerable market power — known as strategic market status — over what represents acceptable behaviour when interacting with competitors and users,” DCMS writes in a press release.

It suggests the DMU will have powers to “suspend, block and reverse decisions of tech giants, order them to take certain actions to achieve compliance with the code, and impose financial penalties for non-compliance”. Although full details are set to be worked out next year.

A Digital Markets Taskforce, which the government set up earlier this year to advise on the design of the competition measures, will inform the Unit’s work, including how the regime will work in practice, per DCMS.

The taskforce will also come up with the methodology that’s used to determine which platforms/companies should be designated as having strategic market status.

On that front it’s all but certain Facebook and Google will gain the designation, and be subject to the code and oversight by the DMU, although confirmation can only come from the Unit itself once it’s up and running. But UK policymakers don’t appear to have been fooled by bogus big tech talking points of competition being ‘only a click away’.

Competition policy must change to help startups fight ‘winner takes all’ platforms, says UK report

The move to set up a UK regulator for big tech’s market power follows a competition market review chaired by former U.S. president Barack Obama’s chief economic advisor, professor Jason Furman, which reported last year. The expert panel recommended existing competition policy was fit for purpose but that new tools were needed for it to tackle market challenges flowing from platform power and online network effects.

Crucially, the Furman report advocated for a ‘broad church’ interpretation of consumer welfare as the driver of competition interventions — encompassing factors such as choice, quality and innovation, not just price.

That’s key given big tech’s strategic application of free-at-the-point-of-use services as a tool for dominating markets by gaining massive marketshare which in turn gives it the power to set self-serving usage conditions for consumers and anti-competitive rules for third party businesses — enabling it to entrench its hold on the digital attention sphere.

The UK’s Competition and Markets Authority (CMA) also undertook a market study of the digital advertising sector — going on to report substantial concerns over the power of the adtech duopoly. Although in its final report it deferred competitive intervention in favor of waiting for the government to legislate.

UK asks competition watchdog to put adtech market review top of its to-do list

Commenting on the announcement of the DMU in a statement, digital secretary Oliver Dowden said: “I’m unashamedly pro-tech and the services of digital platforms are positively transforming the economy – bringing huge benefits to businesses, consumers and society. But there is growing consensus in the UK and abroad that the concentration of power among a small number of tech companies is curtailing growth of the sector, reducing innovation and having negative impacts on the people and businesses that rely on them. It’s time to address that and unleash a new age of tech growth.”

Business secretary Alok Sharma added: “The dominance of just a few big tech companies is leading to less innovation, higher advertising prices and less choice and control for consumers. Our new, pro-competition regime for digital markets will ensure consumers have choice, and mean smaller firms aren’t pushed out.”

The UK’s move to regulate big tech means there’s now broad consensus among European lawmakers that platform power must be curtailed — and that competition rules need properly resourcing to get the job done.

A similar digital market regime is due to be presented by EU lawmakers next month.

The European Commission has said the forthcoming ex ante pan-EU regulation — which it’s calling the Digital Markets Act — will identify platforms which hold significant market power, so-called Internet gatekeepers, and apply a specific set of fairness and transparency rules and obligations on them with the aim of rebalancing competition. Plans to open algorithmic blackboxes to regulatory oversight is also on the cards at the EU level.

Europe to limit how big tech can push its own services and use third-party data

A second piece of proposed EU legislation, the Digital Services Act, is set to update rules for online businesses by setting clear rules and responsibilities on all players in specific areas such as hate speech and illegal content.

The UK is also working on a similar online safety-focused regime — proposing to regulate a range of harms in its Online Harms white paper last year. Though it has yet to come forward with draft legislation.

This summer the BBC reported that the government has not committed to introduce a draft bill next year either — suggesting its planned wider Internet regulation regime may not be in place until 2023 or 2024.

UK sets out safety-focused plan to regulate internet firms

It looks savvy for UK lawmakers to prioritize going after platform power since many of the problems that flow from harmful Internet content are attached to the reach and amplification of a handful of tech giants.

A more competitive landscape for social media could encourage competition around the quality of the community experienced for users — meaning that, for example, smaller platforms which properly enforce hate speech rules and don’t torch user privacy could gain an edge.

Although rules to enable data portability and/or interoperability are likely to be crucial to kindling truly vibrant and innovative competition in markets that have already been captured by a handful of data-mining adtech giants.

Given the UK’s rush to address the market power of big tech, it’s interesting to recall how many times the Facebook CEO Mark Zuckerberg snubbed the DCMS committee’s calls for him to give evidence over online disinformation and digital campaigning (including related to the Cambridge Analytica data misuse scandal) — not once but so many times we lost count.

It seems UK lawmakers kept a careful note of that.

Zuckerberg again snubs UK parliament over call to testify

UK parliament calls for antitrust, data abuse probe of Facebook

  from RSSMix.com Mix ID 8204425 https://ift.tt/3mhfkHu via IFTTT