President Donald Trump isn’t proud of how European Union regulators have handled U.S.-based tech firms, together with Google, Meta, and Apple.
Onstage on the World Economic Forum in Davos, Trump put EU regulators on blast. He mentioned that the EU’s instances in opposition to these U.S. tech firms are “a type of taxation,” in keeping with Bloomberg reporting.
Trump particularly identified a court docket case that Apple misplaced final yr relating to a €13 billion tax invoice in Ireland. In 2024, the EU’s Court of Justice in Luxembourg discovered that Apple had benefited from unlawful tax breaks in Ireland between 1999 and 2014 and was pressured to pay again taxes.
Bloomberg predicted that that is simply the beginning of a fiery back-and-forth between the Trump administration and the EU that would span the whole thing of his second time period.
Google, Meta, and Apple are all presently being investigated for potential violations of the EU’s Digital Markets Act.
