I honestly don't see anything particularly strange about it. The only thing I can see that would actually impact any of the businesses is the requirement to provide a complaints procedure.
Note that I worked in one of the major targets of this law (Meta) for many years and I don't see anything there that amounts to a trade barrier to US service exports.
Can you help me understand the concerns here?
Like, to my mind, the DMA is a much bigger deal but US peeps are way more upset about the DSA.
And like, the US runs the Banking Secrecy Act and weaponises the dollar system on a completely regular basis, so I'm honestly flabbergasted that they object to other companies enforcing their laws extra-territorally.
> And it's doesn't matter that Trump is in office - a Harris administration would have played hardball against the EU as well, as was seen with the Biden admin perusing lawfare and lobbying to make an example out of Canada for their attempt at a digital services tax.
Yeah this I agree with.
But unfortunately, because most tech/pharma company profits are booked where the IP is located and this is easy to move, digital services taxes are going to happen over the next decade. I understand why the US government doesn't like this, but it's either that or actual trade barriers to these companies. (And I say this as a citizen of a country that benefits massively from these shenanigans).
Hang on, firstly what are the tax implications?
Secondly, here's a summary of the DSA: https://www.williamfry.com/knowledge/the-digital-service-act...
I honestly don't see anything particularly strange about it. The only thing I can see that would actually impact any of the businesses is the requirement to provide a complaints procedure.
Note that I worked in one of the major targets of this law (Meta) for many years and I don't see anything there that amounts to a trade barrier to US service exports.
Can you help me understand the concerns here?
Like, to my mind, the DMA is a much bigger deal but US peeps are way more upset about the DSA.
And like, the US runs the Banking Secrecy Act and weaponises the dollar system on a completely regular basis, so I'm honestly flabbergasted that they object to other companies enforcing their laws extra-territorally.
> And it's doesn't matter that Trump is in office - a Harris administration would have played hardball against the EU as well, as was seen with the Biden admin perusing lawfare and lobbying to make an example out of Canada for their attempt at a digital services tax.
Yeah this I agree with.
But unfortunately, because most tech/pharma company profits are booked where the IP is located and this is easy to move, digital services taxes are going to happen over the next decade. I understand why the US government doesn't like this, but it's either that or actual trade barriers to these companies. (And I say this as a citizen of a country that benefits massively from these shenanigans).