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[Weekly Podcast] G20 corporate tax rate agreement, Facebook 1 billion face data deleted

At the G20, which opened in Rome, Italy, on October 30, it was agreed to sign an agreement to set the world’s lowest tax rate for multinational corporations at 15% or higher. This agreement mainly targets major Internet IT companies such as Google, Amazon, and Facebook, and these companies are avoiding tax payment such as corporate tax through tax-free countries or regions with easy tax rates or tax havens.

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According to the 2015 OECD estimate of the Organization for Economic Cooperation and Development, it is reported that $100-240 billion of corporate tax was not received worldwide due to tax evasion by these companies. The G20 agreement was discussed under the leadership of the United States. The goal is to set the world’s lowest tax rate for large corporations at 15%, thereby eliminating companies from shifting their profits to tax havens. The OECD says the measure could bring in $150 billion from businesses around the world.

Facebook parent company Meta announced that Facebook will shut down its facial recognition system and wipe out facial data for more than 1 billion users. A system outage and data deletion will occur in the coming weeks, and anyone who consents to facial recognition will not be automatically recognized in photos and videos, and facial recognition templates will be removed.

Of course, the facial recognition system is over, but Facebook has made it clear that it intends to continue working on facial recognition technology. In other words, facial recognition technology will be a powerful tool to prevent identity verification, fraud and impersonation, while ensuring privacy, transparency and control with external experts working together.

NASA is conducting research on growing peppers on the International Space Station, and for the first time ever, astronauts actually ate tacos using peppers grown on the International Space Station.

On October 29, astronaut Mark van der Hey announced that it was the first red pepper harvested from the International Space Station as part of a plant experiment conducted so far on the ISS. The fruit was harvested at the end of October, and on October 30, astronaut Megan MacArthur reported that he made tacos with the harvested peppers. The second harvest is expected to take place in November.

IDC has released a report on smartphone shipments in the third quarter of 2021. Smartphone shipments in the third quarter were 331.2 million units, a decrease of 6.7% compared to the same period of the previous year.

Smartphone shipments declined in large areas in the third quarter. In particular, in Central and Eastern European countries, it decreased by 23.2% compared to the same period last year, and in the Asia-Pacific region excluding China and Japan, it decreased by 11.6% compared to the same period last year. On the other hand, shipments decreased less in China, Western Europe, and the United States, where manufacturers primarily ship smartphones.

As for the cause of the drop in shipments, IDC points out that supply chain and component shortages are finally having a serious impact on the smartphone market as well, and the problem is now exacerbated, stating that the component shortage has had a similar impact on all suppliers.

It is reported that the new privacy protection measures introduced by Apple are causing a loss of nearly $1 billion in the second half of 2021 alone to social media companies such as Facebook and Twitter.

The news comes from advertising technology company Rotamem. According to the report, Facebook, YouTube, Twitter and Snapshot revenues are expected to decline 12% in the third and fourth quarters, down $9.85 billion. Of these four companies, Facebook is said to have the largest advertising market in terms of total amount and a loss of over $8 billion. But because Snapchat is focused on smartphones, it is said to be the worst result in terms of revenue decline. thank you.

lswcap

lswcap

Through the monthly AHC PC and HowPC magazine era, he has watched 'technology age' in online IT media such as ZDNet, electronic newspaper Internet manager, editor of Consumer Journal Ivers, TechHolic publisher, and editor of Venture Square. I am curious about this market that is still full of vitality.

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