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3 tax prep firms shared 'extraordinarily sensitive' data about taxpayers with Meta, lawmakers say (apnews.com)

submitted 1 year ago by Odusei@lemmy.world to c/technology@lemmy.world

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Some congressional Democrats say three large tax preparation firms sent “extraordinarily sensitive” information on tens of millions of taxpayers to Facebook parent company Meta over at least two years.

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[–] xuxebiko@kbin.social 18 points 1 year ago

Tax data is tightly regulated, with penalties for improper sharing including fines and jail time. The report found the companies involved likely didn’t receive proper consent to share the data and could face criminal penalties.

Jail time for the heads of Meta/Facebook, Google, H&R Block, TaxAct, and TaxSlayer?! No chance. All corporates involved will, at most, get a 'tsk,tsk' and a fine they'll earn back in an hour.