financetom
Business
financetom
/
Business
/
No plans to get Big Tech to pay digital law compliance costs, EU tech chief says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
No plans to get Big Tech to pay digital law compliance costs, EU tech chief says
Jul 23, 2025 4:41 AM

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 Booking.com, 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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
New Zealand boosts movie production incentives after Trump's 100% tariff plan
New Zealand boosts movie production incentives after Trump's 100% tariff plan
May 26, 2025
SYDNEY (Reuters) -New Zealand will allocate more budget funds to give rebates to foreign studios for filming movies in the country - a move which follows U.S. President Donald Trump's announcement of 100% tariffs on films made outside the United States. New Zealand, where the Lord of the Rings trilogy was shot, has become a popular filming location for Hollywood...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
PRESS DIGEST-British Business - May 16
PRESS DIGEST-British Business - May 16
May 26, 2025
May 16 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - British's software services provider Wireless Logic's chief executive said that U.S. investment firm General Atlantic has acquired a minority stake for an undisclosed sum in the global...
India Morning Newsletter, May 16
India Morning Newsletter, May 16
May 26, 2025
To access a PDF version of this newsletter, please click here If you would like to receive this newsletter via email, please register at: https://solutions.lseg.com/MNCIndia-Subscriptionpage For an index of our newsletters click on ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved