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By continuing on the path of targeted digital regulations, Europe is ignoring the US-EU trade framework put in place by President Trump. European tech firms are benefitting mightily from the ability to compete freely and fairly in US markets, while (at the exact same time) EU leaders/regulators are attacking... show more

Sal Nuzzo

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509,649 views • 8 months ago •via X (Twitter)

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The EU fined American tech companies €3.8 billion in 2024 alone. That’s more than the EU collected in corporate taxes from EVERY tech company headquartered in Europe combined. Is this really about protecting consumers? It seems like a wealth transfer from US companies to EU governments, disguised as regulation. They fined a handful of American firms more than all European tech paid in taxes, they then dump the money straight into their own budgets.

The EU fined American tech companies €3.8 billion in 2024 alone. That’s more than the EU collected in corporate taxes from EVERY tech company headquartered in Europe combined. Is this really about protecting consumers? It seems like a wealth transfer from US companies to EU governments, disguised as regulation. They fined a handful of American firms more than all European tech paid in taxes, they then dump the money straight into their own budgets.

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