The European Commission will not require Alphabet, Amazon, Apple, ByteDance, Meta Platforms, or Microsoft to cover the costs of monitoring their compliance with the EU’s Digital Markets Act, the EU tech chief announced on Wednesday.
Reuters:
Germany and European Parliament lawmakers have lobbied for a supervisory fee to be levied on Big Tech to help EU antitrust regulators better enforce the Digital Markets Act.
The European Commission Executive Vice-President Henna Virkkunen, who is responsible for the technology sector, said rules were always under review and she would monitor developments, but had no plans to make the companies pay despite the enormous volume of monitoring work.
“So it’s always, of course, there is this possibility, but now we are not having any new proposal on that,” Virkkunen told Reuters in an interview.
Proponents of a DMA supervisory fee said it should be similar to the levy imposed on big online platforms subject to another piece of legislation called the Digital Services Tax that requires companies to do more to police content on their sites.
The digital services supervisory fee amounts to 0.05% of a company’s annual worldwide net income.
MacDailyNews Take: The unmitigated gall of these paper-pushers!
The European Union arose because the Europeans couldn’t compete on their own with the rest of the world, so they each lined up to surrender their national sovereignty, unique cultures, and dignity for an undemocratic, opaque, wasteful, bloated, bureaucratic quasi-governmental blob – and, even with the EU’s thumbs all over the scale, they still can’t compete. — MacDailyNews, March 4, 2024
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