Monday 29 May 2023
Home European Commission Vestager wants to limit internet giants with the digital market in EU

Vestager wants to limit internet giants with the digital market in EU

In the next three months, European Commissioner Margrethe Vestager will draft a new European law for artificial intelligence. Vestager is responsible for the digitization of the European market. She plans to present her new internet law in March, after which the European Parliament and the governments and parliaments of the EU countries have yet to approve her new law.

Margrethe Vestager has been a driving force behind several important steps taken by the EU against the abuse of market power by the technology industry, underpayment of corporate taxes and invasion of user privacy.

Margrethe Verstager's efforts may also have inspired US authorities who recently opened several antitrust investigations against tech giants. On Tuesday, Texas Attorney General Ken Paxton and a meeting of Attorney General stated that they are opening an antitrust investigation against Google that will focus on its advertising practices.

The EU Commissioner wants to establish new rules in the EU for the collection and sharing of data by large American tech companies such as Facebook, Amazon and Google. The great fear among ICT companies is that the EU will also come up with new tax regulations. This should apply to internet platforms anywhere in the world that earn money in European countries. In recent years, Vestager has already taken Apple to court for tax evasion. For this she imposed a fine of 13 billion euros.

If it doesn't get this done globally because some EU countries fear retaliation from the US and therefore refuse to cooperate, the European Commission will continue to fine non-European companies for underpaying EU tax, Vestager said. .

If the fines do not lead to an improvement in their behavior on the European market, it wants to 'break open' American companies at a later stage if necessary. She said this recently in response to questions from Dutch MEP Paul Tang. There is no question of breaking up large tech companies yet. According to Vestager, there is currently no problem that justifies this, and she also states that this is not just a solution. There is a danger that after breaking up, two new giants will simply arise.

Vestager says he is not satisfied with what the billion-dollar fines have brought to companies like Google in recent years. She said that in an interview with the Dutch television channel RTL Nieuws. She mentions the advertising market as an example. After the European Commission opened an investigation against Google about removing competition from travel ads, the search giant stopped that behavior.

Popular

Seed manufacturers still want a patent in modified agriculture and horticulture

Some large companies in the European seed sector have urged the European Commission to protect patent laws and intellectual property ...

European Parliament wants 39 billion extra budget and fines for dissidents

The European Parliament continues to hold its ground in the negotiations on the European multi-annual budget (2021-2027). The Committee on Budgets of the European Parliament ...

Lara Wolters (Labor): Czech Prime Minister to pay back EU money

The European Parliament believes that Czech Prime Minister Andrej Babiŝ should repay his European subsidies. As prime minister, he has direct influence ...

EU agricultural subsidy in the Netherlands mainly for agricultural cooperatives

The Natuurrijk Limburg cooperative was the largest Dutch recipient of EU agricultural funds in 2019, with 6.5 million euros from the cap subsidy. On...

Fishermen want compensation if they have to give way to windmills

Not only for the installation of new windmills on land, but also for the construction of new windmill parks at sea...

Just in

Twitter evades EU code of conduct; harbinger of departure ?

The social media platform Twitter, owned by American billionaire Elon Musk, is leaving the European Union's voluntary code of conduct against disinformation on…

Livestock farming also under stricter EU rules against air pollution

The European Parliament's Environment Committee has further weakened the proposal to bring many more livestock farms under stricter RIE emission standards. 

Fuss about statements by Belgian Prime Minister against nature restoration

Statements by Belgian Prime Minister Alexander De Croo have sparked controversy in the Belgian political system because the national Prime Minister...

Timmermans urges EU politicians to the agri negotiating table

EU Climate Commissioner Frans Timmermans has told Members of Parliament of the Agriculture Committee that he wants to sit down with the Netherlands to make it very clear...

Agriculture and environmental clubs want real change in Mercosur

An umbrella of dozens of European and South American agricultural clubs and environmental and development organizations urge the European Commission in a joint manifesto ...