US companies dominate the race for tech supremacy, and Europe appears to be the taking the lead in regulation. But both sides need more of what the other side has to offer. Is that achievable?
Can the likes of Facebook go from 'move fast and break things' to 'move thoughtfully and fix things?' A conversation with David Ryan Polgar about social media consumption, regulation and perverse financial incentives.
The tech giant has already been handed €7 billion in fines in the European Union, but more could be on the way. The latest case relates to unfair practices with its AdSense program.
France's finance minister will bring forward legislation this week for a 3 percent tax on companies including Google and Facebook. Public anger about tax avoidance by digital giants has prompted the move.
In early December, Economy Minister Bruno Le Maire said France would give the EU until March to come up with a deal on taxing US internet giants. But ten days later he announced the tax would be introduced on January 1.
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