The EU will push a new law: the online platform of the technology giant pays 0.1% of the annual profit as a supervision fee – yqqlm

Beijing time on April 6 news, an EU document shows that major online platforms will face a fee of up to 0.1% of annual net profit to pay for monitoring costs to meet new EU regulations. New EU rules require these platforms to regulate their content more.

EU countries and lawmakers are likely to agree on the provisions of the Digital Services Act (DSA) later this month. It will be the first time that the European Commission, the EU’s executive arm, has imposed such a fee. Right now, the European Commission is looking for new revenue streams to fuel the region’s economic growth and foster a greener, more digital economy after the outbreak. It will require a large number of experts to enforce the new tech rules.

“The total amount of the annual monitoring fee shall be based on the estimated costs incurred by the European Commission in carrying out the monitoring tasks under this Regulation,” the document states, “and the fee shall not exceed the global value of the hyperscale online platform (or hyperscale search engine) provider in the previous fiscal year. 0.1% of annual net profit.”