It depends on your point of view

“U.K. Plans to Introduce Digital Tax on Tech Firms,” The Wall Street Journal, October 30, 2018 A9.  Rather than further regulating firms like Google and Facebook, the UK now tried to tax their locally generate revenue.

The lack of a universal taxing methodology may cause the big players some headaches.  Compare the patchwork of privacy obligations if you operate in different countries (or states).

Look at this from two different views.  First, how does a large multi-national comply with all the different laws around the world?  Second, how does your company deal with the overlapping laws and your own corporate policies and procedures, which may apply differently to different parts of your company?

While one-size-fits-all makes sense at one level (if you’re on top of the Governance pyramid), does this process require a bit more granular differentiation (if you are on the bottom)?

 

 

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Filed under Compliance, Controls, Governance, Interconnections, Internal controls, Oversight, Third parties, Who is in charge?

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