Tech firms say EU rules should ensure they are regulated in their bases
Information about Tech firms say EU rules should ensure they are regulated in their bases
Kevin David Scam or Legit
By Foo Yun Chee
BRUSSELS (Reuters) – Proposed European Union rules targeting tech companies should ensure that they are regulated in the EU country where they are based, Twitter, online video platform Vimeo Inc and three other companies said on Thursday.
Tech companies are concerned that European countries seeking to grab regulatory power over them may try to amend the “country of origin” principle in the Digital Services Act (DSA) draft.
Under the principle, Ireland regulates Twitter, Apple, Alphabet unit Google and Facebook because they have their European headquarters there, while Amazon is subject to Luxembourg’s supervision.
“A strong country of origin principle supports a diverse online marketplace,” Twitter, Vimeo, Automattic, which is the parent company of online publishing tool WordPress and Tumblr, Czech search engine Seznam and German social …