EU monopoly commission recommends big online companies pay 0.1% monitoring fee -Reuters document

© Reuters. A view of the flag of the European Union during the debate on Poland’s challenge to the supremacy of EU law at the European Parliament in Strasbourg, France, October 19, 2021. Ronald Wittek / Pool via REUTERS

BRUSSELS (Reuters) – The European Commission has proposed charging major online platforms up to 0.1% of their global annual net income to ensure they comply with new European Union regulations. require them to do more with police content, an EU document shows.

Rules known as the Digital Services Act will likely be agreed between European Union countries and European Union lawmakers later this month. Fighting such a fee to comply with the rules would be a top priority for EU operators.

“The total annual monitoring fee will be based on the estimated costs incurred by the Commission in connection with its supervisory duties under this Regulation,” the document said.

EU antitrust chief Margrethe Vestager told lawmakers and member states last month that monitoring fees could rise from 20 million euros ($22 million) to 30 million euros a year, a person with direct knowledge of the matter told Reuters.

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