Remove tag claims
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Over 12k fake entities in GST; CBIC plans biometric authentication, tighter return filing

CFO News

The Central Board of Indirect Taxes and Customs (CBIC) in India is planning to introduce biometric authentication and geo-tagging in an effort to crack down on GST fraud. The CBIC chief, Vivek Johri, said that there are around 12,500 bogus entities that have been identified as claiming fake Input Tax Credit (ITC).

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Facebook Expands Facial Recognition To All Users

PYMNTS

Facebook has announced it’s going to stop using its controversial Tag Suggestions feature, and facial recognition technology is going to be available to all of its users, Reuters reported Tuesday (Sept. Tag Suggestions, a feature that lets people tag friends, has been controversial.

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Facebook Axes Controversial Tag Suggestions, Adds Facial Recognition For All

PYMNTS

Facebook has announced it’s going to stop using its controversial Tag Suggestions feature, and facial recognition technology is going to be available to all of its users, Reuters reported Tuesday (Sept. Tag Suggestions, a feature that lets people tag friends, has been controversial.

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Court: Facebook Biometric Data Lawsuit Will Proceed

PYMNTS

The key issue is Facebook’s “Tag Suggestions,” which let users tag friends in previously uploaded photos. Facebook argued that each person’s claims were unique and should stand on their own merit as cases, but Circuit Judge Sandra Ikuta said that all the Illinois users could sue together as a group.

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Ghana To Adopt West African ‘Eco’ Currency

PYMNTS

The government has claimed that it will have “electronically tagged” every home, including informal housing in slums, via GPS by early 2020. Ghana said in October that it was planning to eliminate paper from most services and transactions by next year, as it aims to become Africa’s most digitalized economy.

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Musk: ‘Time To Break Up Amazon’

PYMNTS

Bloomberg reported that the statement will escalate a feud between Musk and Amazon CEO Jeff Bezos , whom Musk tagged in the tweet. Elon Musk said in a tweet that it’s “time to break up Amazon ,” citing the eCommerce giant’s monopoly as a reason to take action. “Monopolies are wrong!”

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Musk: ‘Time To Break Up Amazon’ Due To Monopoly Dangers

PYMNTS

Bloomberg reported that the statement will escalate a feud between Musk and Amazon CEO Jeff Bezos , whom Musk tagged in the tweet. Elon Musk said in a tweet that it’s “time to break up Amazon ,” citing the eCommerce giant’s monopoly as a reason to take action. “Monopolies are wrong!”