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On DMA eve, Google whines, Apple sounds alarms, and TikTok wants out (arstechnica.com)

submitted 8 months ago by Powderhorn@beehaw.org to c/technology@beehaw.org

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As a general rule, when trillion-dollar companies don't like regulation, it simply means they're admitting the rules are good for their customers.

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[–] frog@beehaw.org 6 points 8 months ago

The quickest and simplest way of doing it is to simply regulate for all assets to be valued/revalued and tax paid appropriately any time it changes ownership, and "changes of ownership" is given a definition that includes a corporation giving it to the CEO, a CEO moving it to a trust or holding company, etc. It would do away with the bullshit "our CEO doesn't get paid" when really he got millions in stock options instead. The stock options changed hands, therefore they have to be professionally and independently valued, and then taxed.