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One of the EU's primary revenue streams is periodically (annually?) being "tough" on Big Tech. If you can't build - regulate, or something like that.
by djohnston 2y ago
One of the EU's primary revenue streams is periodically (annually?) being "tough" on Big Tech. If you can't build - regulate, or something like that.
- M2Ys4U 2y agoThe EU's budget is about €190bn. Fines for Big Tech companies last year totalled €8bn. So that's ~4%. It’s not insignificant, but I wouldn't exactly call it a primary revenue stream. VAT brings in 3x as much money. Import duties bring in about 5x that. And about half of the budget comes directly from the member states.
- belter 2y agoRevolutionary idea: Respect the local business laws.
- belter 2y agoWhich ones here were unfair? "Tech fines tracker" - https://proton.me/tech-fines-tracker https://proton.me/tech-fines-tracker