It's aimed at companies incorporated in the EU. If a US company decided to incorporate a subsidiary in the EU to get tax breaks and other benefits, then it make

It's aimed at companies incorporated in the EU. If a US company decided to incorporate a subsidiary in the EU to get tax breaks and other benefits, then it makes little sense (to me, at least) to complain about US companies being targeted. Some US companies specifically decided to structure themselves to be EU companies in name (and tax status) -- so from a practical perspective they are EU companies. You can't have it both ways. (Not to mention this will affect companies like SAP and Spotify, which are real EU companies.)