- Trump attacks EU fines to US companies
- The new president has said that fines are “a form of taxation”
- Apple, Meta and Google are currently facing important EU fines
After the plea of the Meta Executive Director, Mark Zuckerberg, to the newly opened Trump president to prevent US companies from paying fines to the European Union, Trump attacked against the block, qualifying fines as “a form of taxation.”
Goal has faced fines worth 2,670 million dollars only in the General Data Protection Regulation (GDPR) since 2022 for several reasons, including not guaranteeing information security, not having a legal basis for processing data and general breach of the GDPR.
The GDPR was introduced in the EU in 2018 and is designed to provide EU citizens more control over what data can be collected, who can process them and ensure that they remain safe when processed outside the EU.
“Great complaints with the EU”
Speaking in the World Economic Forum in Davos, Trump said (via Bloomberg), “These are US companies, you like it or not. They shouldn’t be doing that. As regards me, that is a form of tax. We have some very important complaints with the EU. ”
Many of the richest men in the world and owners of technological conglomerates, including Zuckerberg, Jeff Bezos and Tim Cook, attended Trump’s possession, and all the aforementioned donated seven -digit sums to the Trump opening background. Elon Musk, owner of X (previously Twitter), allegedly spent more than 277 million dollars to help Trump be chosen.
Apple, Meta and Google have faced large fines for violating EU regulations in the past, and the European Commission today completes an initial investigation into X with a fine of around one million dollars that will probably be imposed on the platform of social networks.
In 2023, Meta received a fine of $ 1.3 billion for transferring data from EU users to the United States. Google had to pay a fine of 1.6 billion dollars for anti -competitive policies in 2019. Apple faced a fine of 2,000 million dollars for abusing the application store to limit the competition of music transmission services with Apple Music.
The three companies currently face investigations from the EU digital markets law, whose violations give rise to a fine of up to 10% of global annual income. It is worth noting that the US does not have a comprehensive federal regulation on data privacy, and only 20 US states. UU. They currently apply a state regulation for data protection.
