data tax

– In 2016, the average company managed 162.9 terabytes of data.
– In 2024, roughly 2.5 quintillion bytes worth of data are generated each day, with over 44 zettabytes of data in the entire digital universe.
– GenAI solutions generate, organize, and operate on data, and businesses’ ability to manage and manipulate data will define their success in the marketplace.
– Legislators are considering taxing data as a way to generate revenue from corporations.
– Different states have proposed various methods of taxing data collection.
– The international implications of data taxes are complex and would require alignment among jurisdictions.
– Corporations need to be vigilant and prepared for potential data taxes in the future.