Europe proposing supervisory fee on online platforms - Reuters
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Europe's competition watchdog has proposed charging major online platforms a fee based on their global net income in order to ensure compliance with content enforcement rules, Reuters reports.
A European Union document indicates that the European Commission is moving forward with a plan to charge big platforms like Google ((NASDAQ:GOOG) -1.5%, (NASDAQ:GOOGL) -1.5%), Meta Platforms (FB
-0.7%), Twitter (TWTR
+2.5%) and others up to 0.1% of their global annual net income.

That "supervisory fee" could raise â¬20 million-â¬30 million ($22 million-$32.8 million) per year, EC chief Margrethe Vestager said last month.
The fee would be a first for the EU executive, and it would be set "based on the estimated costs the Commission incurs in relation to its supervisory tasks."