EU makes more from fines on US tech, than tax from ALL of public European tech in 2024 EU fined US tech companies €3.8B meanwhile public internet tech companies paid only €3.2B in income tax.
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The European Union collected €3.8 billion in fines from US tech companies in 2024, surpassing the €3.2 billion in income tax paid by all public European internet tech companies combined. This highlights the EU's aggressive regulatory stance toward American tech giants and raises questions about the relative economic contribution of domestic versus foreign tech firms.

Go Europe!

Yeah because we are not the wild wild west, where Tech Bros are the new dictators !

Quite nuts. The biggest company by far is SAP (yes, SAP). That tells you all you need to know about Europe (and both Apple’s and Meta’s fines are bigger than all of SAP’s taxes)

I obviously like the EU fines approach, but…if the companies keep acting the same way, isn’t a fine just a “paid allowance to break rules”? A tax on bad behavior if we want to put it this way.