Unbeknownst to most in Washington, the European Commission (EC) is considering a new policy that would continue a longstanding trend: funneling money from U.S. technology companies to the European Union (EU). So far, this has largely taken the form of digital services taxes and exorbitant antitrust fines on U.S. tech companies, write Rob Atkinson and Jessica Dine in RealClearMarkets. This new policy, if implemented, would force American content providers (CAPs)—like Google and Netflix—to effectively subsidize European internet service providers (ISPs).
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