Group items tagged

"Digital Identity (ID) is one of the main results focused under the main Digital Drukyul Flagship Program of Nu 2.557 bn as the fund also covers results such as Institutionalizing e-Patient Information System, creating Digital Schools, Integrating e-business services (business licensing and Single window for trade), Land records, tax information etc. Citing some examples of what benefits people can expect with the completion of the Digital ID Lobzang Jamtsho, Chief ICT Officer, Application Development Division, Department of Technology and Telecom (DITT) under Ministry of Information and Communication (MoIC) said stated, "Currently the online processes are hybrid in nature, where although we communicate or negotiate online, people still need to be physically present to sign a contract or make online transactions." He said that with the use of Digital ID, one can have bank transactions or even sign up contracts remotely to state a few components that the program encapsulates. The paper found that the biggest advantage of the Digital ID of the person is that all the information of the person will be stored and based around the Digital ID of the person. This could be health records, land records, tax records, revenue and bank records, business records, education records, census records etc. The person can use his digital ID to access all this information and also use his ID to complete online procedures to avail services. To protect the privacy of the person access to the information will be compartmentalized and restricted so some tax officials for example cannot access the health records of a person. A key component of digital ID is collecting the biometric details of people like eyes and all finger prints for verification and security."

"Why has Bitcoin become so popular? One possible explanation is that exploding interest in Bitcoin over the past several days is being driven by economic uncertainty in Europe. Fearful of an earlier proposed European Union plan to partially fund a Cypriot bailout by imposing new taxes on Cypriots' bank deposits, goes the theory, some Cypriots (and Spaniards, for similar reasons) flocked to Bitcoin to attempt an escape from the clutches of potential taxes."

"A new proposal could see the country reduce the amount of tax benefits for companies that invest in automated machinery."

"A report from the Oxford Martin School's Programme on the Impacts of Future Technology said that 47 percent of all jobs in the U.S. are likely to be replaced by automated systems. Among the jobs soon to be replaced by machines are real estate brokers, animal breeders, tax advisers, data entry workers, receptionists and various personal assistants."

"As examples, Kowolowski noted that companies wanting to protect their intellectual property or individuals sending tax returns may be happy to use traditional PGP/SMIME technology to encrypt the body of their messages, but that "a freedom fighter working on an oppressive country" would be just as concerned about the metadata."

"India has started using a system that allows security agencies and income tax officials to directly intercept phone calls and emails without any court or legislative oversight, Reuters reported this summer."

"China's internet censors have cracked down on searches about the Panama Papers, a massive leak of documents that reportedly tie the relatives of current and retired Chinese politicians, including President Xi Jinping, to offshore companies used for tax evasion. The reports by an international coalition of media outlets working with the Washington-based International Consortium of Investigative Journalists, or ICIJ, are based on documents from the Panama-based law firm Mossack Fonseca, one of the world's biggest creators of shell companies."

"When Vancouver tech retailer NCIX went bankrupt, it stopped paying its bills, including the bills for the storage where its servers were being kept; that led to the servers being auctioned off without being wiped first, containing sensitive data -- addresses, phone numbers, credit card numbers, passwords, etc -- for thousands of customers. Also on the servers: tax and payroll information for the company's employees."

"We've forgotten how to be alone with our thoughts. We're forever "interrupting ourselves", as Lembke puts it, for a quick digital hit, meaning we rarely concentrate on taxing tasks for long or get into a creative flow. For many, the pandemic has exacerbated dependence on social media and other digital vices"

"The Nigerian government reinstated Twitter on Jan 13, 2022, after Twitter agreed to conditions issued by the Nigerian government, according to CNN. Notably, one of these conditions includes "managing prohibited publication in line with Nigerian law". Twitter also has to comply with "applicable tax obligations on its operations under Nigerian law" as well as enroll Nigeria in its Partner Support and Law Enforcement Portals."

"Do the potential paying customers for these large models add up to enough money to keep the servers on? That's the 13 trillion dollar question, and the answer is the difference between WorldCom and Enron, or dotcoms and cryptocurrency. Though I don't have a certain answer to this question, I am skeptical. AI decision support is potentially valuable to practitioners. Accountants might value an AI tool's ability to draft a tax return. Radiologists might value the AI's guess about whether an X-ray suggests a cancerous mass. But with AIs' tendency to "hallucinate" and confabulate, there's an increasing recognition that these AI judgments require a "human in the loop" to carefully review their judgments. In other words, an AI-supported radiologist should spend exactly the same amount of time considering your X-ray, and then see if the AI agrees with their judgment, and, if not, they should take a closer look. AI should make radiology more expensive, in order to make it more accurate. But that's not the AI business model. AI pitchmen are explicit on this score: The purpose of AI, the source of its value, is its capacity to increase productivity, which is to say, it should allow workers to do more, which will allow their bosses to fire some of them, or get each one to do more work in the same time, or both. The entire investor case for AI is "companies will buy our products so they can do more with less." It's not "business custom­ers will buy our products so their products will cost more to make, but will be of higher quality.""

"Pretty much every great thing gets started by a small team."