M-82 Taxing multinational digital corporations

That:

(a) the House recognize that multinational digital corporations, such as social media giants, exploit the personal information of individuals for profit, by

(i) collecting vast amounts of personal information and tracking the preferences, whereabouts, and behaviour of individuals,

(ii) developing algorithms that target said individuals, as well as their families and friends, with individualized advertisements, content, and behavioral manipulation techniques, often without their knowledge,

(iii) employing intentionally addictive techniques to keep individuals on their platforms for more time;

(b) the House further recognize that:

(i) privacy is a fundamental human right under the Universal Declaration of Human Rights,

(ii) despite operating globally, multinational digital corporations avoid paying taxes by moving their operational centres to jurisdictions with the lowest tax rates; and

(c) in the opinion of the House, the government should take stronger action to regulate and disincentivize the exploitation of personal data for corporate profit, including by

(i) implementing taxes on personal data collection as well as the advertising revenue of multinational digital corporations,

(ii) working with international partners to develop a coordinated global approach for taxing multinational digital corporations.