EU countries hope to find common ground to limit powers of tech giants
EU countries project that they will agree on common negotiating positions on two sets of draft rules intended to curb the powers of US tech giants on November 25, according to people involved in the discussion. Squabbling among the EU lawmakers could delay the rules’ time to adoption.
The Digi... Read more
‘EU tech regulations unfairly target Silicon Valley’
The EU’s efforts to curb Silicon Valley using new competition rules are becoming an irritant in the transatlantic relationship. The sentiment follows the two sides' commitment to deepen tech and trade ties. Senior officials from Washington and Brussels gathered in Pittsburg last month.
The mee... Read more
Ireland agrees with initiative to tax Big Tech with at least 15 percent
The Republic of Ireland has finally agreed to sign the Organization for Economic Cooperation and Development‘s plans to create fair tax laws that prevent big tech from evading taxes by headquartering in low-tax countries.
Irish and Dutch tax law has a number of loopholes that allow Apple, Amaz... Read more
The EU questions Microsoft competitors about bundling Teams in Office
EU antitrust watchdogs are following up on a complaint made by Slack Technologies, claiming that Microsoft’s Teams (a Slack rival) which Redmond integrated with its Office product gives it greater power in the concerned market.
Reuters saw a questionnaire sent to rivals by the European Commiss... Read more
EU and US work together to limit market power of big tech
The United States and European Union plan to take a more unified approach to limit the market power wielded by big tech companies. The news comes from a draft memo. The move will likely be among announcements made on supply chain, trade, climate, and tech at a US-EU Trade and Technology Council mee... Read more
BIS: Financial regulators need to control big tech
Top officials from the central bank umbrella group Bank for International Settlements (BIS) have said that central banks and financial regulators need to urgently face the fact that the power and influence of big tech is growing.
Watchdogs from around the globe have voiced concerns regarding the... Read more
EU lawmaker’s proposals for tougher tech laws in the bloc gets backing
A pivotal EU lawmaker in the European Parliament leading the debate on stricter rules aimed at tech giants (Facebook, Google, Amazon) and other similar platforms, now has the backing to tighten the bloc's citizens' fundamental rights in the draft rules.
The Digital Services Act, which was propos... Read more
France will withdraw digital tax when global tax rules are implemented
France is ready to make a binding promise to the US to remove a national tax on digital giants, as soon as a new global taxation deal is created. The news came from French Finance Minister Bruno Le Maire on Tuesday.
He hinted that the international deal would not have any impact on the EU's plan... Read more
EU lawmaker says tech rules should only target US tech giants
The European Union should take a tougher stance when it comes to the Digital Markets Act. That is the view of a leading EU lawmaker involved in setting up these new rules. More specifically, the main focus of the new rules should only target monopolistic U.S. tech giants, like Apple, Alphabet, Amaz... Read more
Netherlands, Germany and France want to regulate tech acquisitions
Draft rules intended to govern companies like Google, Facebook, Apple and Amazon should be tightened to allow regulators to vet acquisitions of start-ups, according to Germany, France, and the Netherlands.
The assertion was made in a joint statement by German Economy Minister Peter Altmaier and ... Read more