financetom
Business
financetom
/
Business
/
Zalando challenges supervisory fee for EU online content rules, third such lawsuit
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Zalando challenges supervisory fee for EU online content rules, third such lawsuit
Apr 17, 2024 10:51 AM

BRUSSELS, April 17 (Reuters) - German online fashion

retailer Zalando has challenged a supervisory fee

aimed at covering EU regulators' costs of monitoring compliance

with new European Union tech rules, the third company to take EU

tech enforcers to court on the matter.

The Digital Services Act (DSA) obliges 20 very large online

platforms and two very large online search engines to pay the

annual charge capped at 0.05% of their annual worldwide net

income.

The size of the annual fee is related to the number of

average monthly active users for each company, the higher the

number of users the higher the fee, and whether it posts a

profit or loss in the preceding financial year.

Zalando said it disagreed with the European Commission's fee

calculation methodology and wants more transparency on this.

It said the regulator had determined its fee based on 47.5

million monthly active users while it designated Zalando as a

very large online platform based on 83 million monthly visitors.

It had twice asked for clarity from the Commission but both

requests were denied.

"While with this claim we are not contesting the amount of

the fee itself, we believe that without clear and transparent

information on the calculation method used, we cannot verify its

accuracy or fairness," its general counsel Lena Wallenhorst said

in a statement.

The Commission defended its methodology.

"When it comes to Zalando's access to document request,

the Commission shared in due time with Zalando the datasets

underpinning the calculation of the fee to be paid by Zalando,"

a spokesperson said.

Meta Platforms ( META ) and TikTok have also challenged the

supervisory fee.

Zalando last year sued the Commission for labelling it as a

very large online platform subject to the DSA.

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 >
Teamsters signs tentative agreement with Southwest Airlines for flight simulator technicians
Teamsters signs tentative agreement with Southwest Airlines for flight simulator technicians
Sep 13, 2024
Sept 12 (Reuters) - Teamsters Local 19 has reached a tentative agreement for flight simulator technicians at Southwest Airlines ( LUV ), the union said in a statement on Thursday. (Reporting by Juveria Tabassum; Editing by Shinjini Ganguli) ...
Brc Insider Sold Shares Worth $9,597,900, According to a Recent SEC Filing
Brc Insider Sold Shares Worth $9,597,900, According to a Recent SEC Filing
Sep 13, 2024
03:02 PM EDT, 09/12/2024 (MT Newswires) -- Evan Hafer, 10% Owner, Director, on September 11, 2024, sold 3,000,000 shares in Brc (BRCC) for $9,597,900. SEC Filing: https://www.sec.gov/Archives/edgar/data/1891101/000114036124040929/xslF345X05/form4.xml Price: 3.26, Change: -0.15, Percent Change: -4.26 ...
US OCC issues enforcement action against Wells Fargo
US OCC issues enforcement action against Wells Fargo
Sep 13, 2024
Sept 12 (Reuters) - The Office of the Comptroller of the Currency (OCC), a top banking regulator in the United States, said on Thursday it has issued an enforcement action against Wells Fargo ( WFC ) due to deficiencies in its risk management practices. Shares of the bank fell 5% in afternoon trading. The regulator said it had identified deficiencies...
Union Pacific says rail services restored on lines impacted by hurricane Francine
Union Pacific says rail services restored on lines impacted by hurricane Francine
Sep 13, 2024
Sept 12 (Reuters) - U.S. railroad Union Pacific ( UNP ) said on Thursday that all of its rail lines impacted by hurricane Francine have been restored to service, but cautioned that customers with shipments moving through the impacted area may still experience delays. The railroad said it has completed all necessary inspections for service resumption and deployed generators in...
Copyright 2023-2026 - www.financetom.com All Rights Reserved