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September 22, 2020 03:30 am
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/c9zsHTsFIxg/proposal-would-give-eu-power-to-boot-tech-giants-out-of-european-market
Proposal Would Give EU Power To Boot Tech Giants Out of European Market
An anonymous reader quotes a report from Ars Technica: The EU wants to arm itself with new powers to take on big technology companies, including the ability to force them to break up or sell some of their European operations if their market dominance is deemed to threaten the interests of customers and smaller rivals. EU Commissioner Thierry Breton told the Financial Times that the proposed remedies, which he said would only be used in extreme circumstances, also include the ability to exclude large tech groups from the single market altogether. In addition, Brussels is considering a rating system that would allow the public and stakeholders to assess companies' behavior in areas such as tax compliance and the speed with which they take down illegal content. "There is a feeling from end users of these platforms that they are too big to care," said Mr. Breton, who is leading the overhaul of digital rules in the bloc. "[Under] certain conditions we may also have the power to impose structural separation." The new EU legislation would increase Brussels' powers to scrutinize the way technology companies gather information on users, following concerns raised by independent researchers that the voluntary disclosures groups make are often misleading or partial. Mr. Breton confirmed that the EU would not remove the limited liability that companies have for the content published on their platforms. "The safe harbor of the liability exemption will stay," he said. "That's something that's accepted by everyone." Mr. Breton said draft legislation will be ready by the end of the year. Proposals are being finalized, and once they are agreed they will go through the European Parliament and the European Council.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/c9zsHTsFIxg/proposal-would-give-eu-power-to-boot-tech-giants-out-of-european-market
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