U.K. Committee recommends tougher taxes and fines on social media platforms for allowing spread of fake news or misinformation in new report

Briefing

U.K. Committee recommends tougher taxes and fines on social media platforms for allowing spread of fake news or misinformation in new report

August 13, 2018

Briefing

  • Fake News Fine – U.K. Parliament's Digital, Media, Sports and Culture committee wrote report recommending imposition of tougher taxes and fines on Facebook and Twitter for allowing spread of misinformation, also called “fake news”
  • Brexit Study – Report studied effects of misinformation to U.K.’s Brexit vote or departure from European Union
  • Political Ad Limits – May consider restricting political advertisements on social networks when election draws closer, with committee looking to fine Internet companies with percentage of revenues when they violate election laws
  • Cooperation with U.S. – Looking to establish "Digital Atlantic Charter,” which will work closely with U.S. on data privacy and digital rights
  • Timeline – Report leaked and released by Dominic Cummings, campaign director of Vote Leave group which supported Brexit on his blog, with official publication expected in fall 2018

Accelerator

Market Disruption

Sector

Information Technology, Media and Entertainment

Organization

U.K. Parliament

Source

Original Publication Date

July 28, 2018

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