FBI Wants Its Database to Be Exempt from Privacy Act Legal Action
Law enforcement agencies do not see eye-to-eye with consumer privacy. The FBI now wants to ensure American can no longer sue them for violating the Privacy Act. That proposal was put on the table by the Federal Bureau of Investigation on May 31, 2016. The law enforcement agency wants to exempt its entire database from citizens having the right to sue the....
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Just recently, reports of the Ledger customer database breach being dumped on Raidforums for free has become a viral story among cryptocurrency proponents. Now customers are threatening to take legal action against the hardware wallet manufacturer, and one customer has complained of getting an email threatening him with a home invasion. The Ledger wallet customer database leak has caused a lot of anger toward the hardware wallet manufacturer from France. On December 20, 2020, the hackers dumped Ledger’s e-commerce customer database on a well known hacker forum. The dump contained the....
Bitcoin transactions will be exempt from Value Added Tax (VAT), the European Court of Justice (ECJ) has ruled. According to the Financial Times, the ECJ said that bitcoin transactions "are exempt from VAT under the provision concerning transactions relating to currency, bank notes and coins used as legal tender." The ECJ's long-awaited ruling comes after its Advocate General Juliane Kokott urged the court to refrain from applying tax to bitcoin purchases and sales, in an opinion document published in July. The European court first looked into bitcoin taxation in June last year after the....
Bitcoin should be exempt from VAT in Europe the EU's highest court, the European Court of Justice, ruled today. The court has been hearing a case for numerous months, and has only now come to its recommendation. The EU court stated, Bitcoin transactions "are exempt from VAT under the provision concerning transactions relating to currency, bank notes and coins used as legal tender." The case was between the Swedish Tax Authority and the nation's Revenue Law Commission. It commenced only after a Swedish citizen asked for clarification on the VAT on Bitcoin question. That national, David....
The Norwegian Tax Administration changed its stance and declared Bitcoin transactions exempt from Value Added Tax (VAT) this week. Previously, they were not exempt from VAT, and some claim Bitcoin adoption in the country has been stifled due to the high tax rate. Bitcoin Trade Subject to VAT. In November 2013, the Norwegian Tax Administration issued a....
Bitcoin operations should be exempt from Value Added Tax (VAT), the Advocate General of the European Court of Justice said in an opinion document published today. Citing existing exemptions for currency and money transactions in Europe's VAT Directive, Advocate General Juliane Kokott urged the court to opt against applying a tax to bitcoin purchases and sales. She further argued that bitcoin, while not legal tender, is still a form of money. Kokott wrote in the opinion: "I therefore propose that the Court should reply...[that] these operations are exempt from tax under section 135,....