American lawmakers fear current antitrust laws are not fit for the digital economy. This is a concern also shared by many lawmakers in Europe.
Stéphanie Yon-Courtin, another European lawmaker who has chaired competition discussions among policymakers, said Thursday that "it is time" the chamber organizes hearings with the same big four tech CEOs.
"In the past, GAFA CEOs have refused to attend themselves hearings in the European Parliament, with the exception of Mark Zuckerberg," Yon-Courtin, told CNBC via email Thursday. The European Commission has previously estimated that digital companies pay on average an effective tax rate of 9.5% in the EU — compared to 23.2% for traditional businesses.
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