Latest news with #DigitalServicesTax
Indian Express
24-07-2025
- Business
- Indian Express
No plans to get Big Tech to pay digital law compliance costs, EU tech chief says
The European Commission will not ask Alphabet, Amazon, Apple , ByteDance, Meta Platforms and Microsoft to pay the cost of monitoring their compliance with a new digital law, the EU tech chief said on Wednesday. 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. The landmark legislation, which has been enforced since 2023, sets out a list of dos and don'ts aimed at curbing the six companies' power and giving consumers more choice. The group of Big Tech companies, which includes were picked because they provide a core platform service for business users. 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.
Politico
23-07-2025
- Business
- Politico
The Canadian Leader Who Isn't Fretting Over Trump
Well, there's two things. I read his book, 'The Art of the Deal,' and I read Robert Lighthizer's book as well. I also read a little bit about President McKinley. So I take the president seriously when he says that there's certain things that he wants to do. He likes the idea of tariffs as a way of generating revenue. He's obviously targeting certain industries that he wants to be homegrown in the United States, and so I think we have to understand that's the case as well. But it seems to me that there's also a lot of room for common ground. When I look at Alberta, none of our energy resources are tariffed. None of our agriculture products are tariffed. The vast majority of goods crossing the border are [U.S.-Mexico-Canada] agreement compliant. He does have particular issues that he has with some particular industries. When he identifies an area that's a trade irritant, that means it probably is, and trying to find a way to get a resolution is probably the way to get a renegotiated deal. What's your sense of negotiations at the moment? Carney understands that it might be difficult to get back to the full tariff-free relationship that we enjoyed before. I don't know what that means. I don't know if that means that there's certain sectors that are going to continue to face a tariff threat, or if there's going to be an across-the-board tariff. I'm not quite sure. I guess we'll find out when we have a chance to talk with him. Canada did demonstrate some goodwill in removing the Digital Services Tax, which was something that was causing aggravation to the administration, and so I would hope that would have helped to soften the waters so that we would be able to get an agreement on August 1st. I think everyone is still holding out some hope that will happen. I'm told the president doesn't like the emotional reaction Canada has had in response to his tariffs. You appear to take the emotion out of the negotiations and treat the tariffs more like a business transaction. Do you think the Liberal government and even Ontario Premier Doug Ford have been too emotional at times when responding to the tariffs? Different people respond in different ways. I think some people are worried about the damage to the relationship. I'm a bit worried about that too. But I also know that we have a longstanding relationship with the Americans that goes back over 100 years, and it's going to last 100 years or more. You don't allow for temporary frustrations and irritations to damage the relationship permanently.
The Star
23-07-2025
- Business
- The Star
No plans to get Big Tech to pay digital law compliance costs, EU tech chief says
FILE PHOTO: Executive Vice-president of the European Commission for Technological Sovereignty, Security and Democracy Henna Virkkunen holds a press conference after the European Commission College meeting in Brussels, Belgium January 15, 2025. REUTERS/Johanna Geron//File Photo BRUSSELS (Reuters) -The European Commission will not ask Alphabet, Amazon, Apple, ByteDance, Meta Platforms and Microsoft to pay the cost of monitoring their compliance with a new digital law, the EU tech chief said on Wednesday. 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. The landmark legislation, which has been enforced since 2023, sets out a list of dos and don'ts aimed at curbing the six companies' power and giving consumers more choice. The group of Big Tech companies, which includes were picked because they provide a core platform service for business users. 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. (Reporting by Foo Yun Chee; editing by Barbara Lewis)
TimesLIVE
23-07-2025
- Business
- TimesLIVE
No plans to get Big Tech to pay digital law compliance costs: EU tech chief
The European Commission will not ask Alphabet, Amazon, Apple, ByteDance, Meta Platforms and Microsoft to pay the cost of monitoring their compliance with a new digital law, the EU tech chief said on Wednesday. Germany and European parliament legislators have lobbied for a supervisory fee to be levied on Big Tech to help EU antitrust regulators better enforce the Digital Markets Act. 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. The landmark legislation, which has been enforced since 2023, sets out a list of do's and don'ts aimed at curbing the six companies' power and giving consumers more choice. The group of Big Tech companies, which includes were picked because they provide a core platform service for business users. 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, which requires companies to do more to policing of content on their sites. The digital services supervisory fee amounts to 0.05% of a company's annual worldwide net income.
Time of India
23-07-2025
- Business
- Time of India
No plans to get Big Tech to pay digital law compliance costs, EU tech chief says
Academy Empower your mind, elevate your skills The European Commission will not ask Alphabet, Amazon, Apple, ByteDance, Meta Platforms and Microsoft to pay the cost of monitoring their compliance with a new digital law, the EU tech chief said on 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 landmark legislation, which has been enforced since 2023, sets out a list of dos and don'ts aimed at curbing the six companies' power and giving consumers more choice. The group of Big Tech companies, which includes were picked because they provide a core platform service for business 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 digital services supervisory fee amounts to 0.05% of a company's annual worldwide net income.
