There is little privacy on the web. That’s a given. Even still, it is stunning, if true, that three online tax preparation firms shared the personal financial data of their customers with Facebook’s parent company.
The companies — H&R Block, TaxAct and TaxSlayer — got better targeted marketing out of the deal, according to the report by a group of congressional Democrats. In return, Meta got valuable personal information from which it could profit.
Tax preparation companies could potentially face billions of dollars in fines and penalties, not to mention losing business to competitors not caught up in the scandal.
