No, it has better frameworks to regulate local companies but seems to give a free pass to international conglomerates that come in and avoid tax by off shoring it in other EU states. The EU has allowed the US tech companies in on an uneven playing field and they have obliterated EU tech companies, with Ireland in particular taking the proverbial by enticing them with low taxes to benefit it’s own economy.
This was also perhaps tolerated as it was believed the US and EU were close and Europe benefited in other ways from the open trade with the US. Now it looks very short sighted and foolish. When Europe does try to regulate the big US tech companies, the US - not just Trump - objects and undermines it.
No, it has better frameworks to regulate local companies but seems to give a free pass to international conglomerates that come in and avoid tax by off shoring it in other EU states. The EU has allowed the US tech companies in on an uneven playing field and they have obliterated EU tech companies, with Ireland in particular taking the proverbial by enticing them with low taxes to benefit it’s own economy.
This was also perhaps tolerated as it was believed the US and EU were close and Europe benefited in other ways from the open trade with the US. Now it looks very short sighted and foolish. When Europe does try to regulate the big US tech companies, the US - not just Trump - objects and undermines it.