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Lawmakers seek answers from H&R Block, Intuit, Meta, Google on data sharing (NYSE: HRB)


Street View of the entrance to H&R Block - Vancouver tax preparer

Margarita-Young

A group of Congressional Democrats sent a letter Wednesday to H&R Block (NYSE:personnel), TaxAct, TaxSlayer and Meta Platforms (NASDAQ:META) and Google (NASDAQ:GOOG) (NASDAQ:GOOGLE) asked about the data that tax preparers share with the tech giants.

The the letter is send by US Senators Elizabeth Warren and Ron Wyden and Representatives Katie Porter and Brad Sherman. tick yes report that H&R block (personnel), TaxAct and TaxSlayer passed taxpayer data to Meta (META) through a widely used code called Meta Pixel, the lawmakers said.

This code “reportedly collected and transmitted highly sensitive taxpayer data without the customer’s explicit permission, including name, email address, income figures, filing status records, refund amounts, health savings account usage, etc. At least one tax preparer has submitted data-sensitive financial information to Google,” the lawmakers said.

They asked the companies to provide answers explaining the nature and extent of the alleged taxpayer data sharing by January 3, 2023. The group of lawmakers also sent a letter to Intuit. (NASDAQ:INTU) seek a full accountant on taxpayer data disclosure from major tax preparation firms.

At the end of Wednesday’s trading, H&R Block (personnel) share up 0.2%Intuition (INTU) down 1.9%Meta (META) up 1.3%and Google (GOOG) Stocks of class C slip 0.5%.

In November, Facebook was fined €265 million by Ireland’s data privacy regulator on Monday because the data it provided was leaked. scraped from website 2018-2019.

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