Dutch Officials Warn That Big Telecom's Plan to Tax ‘Big Tech’ is a Dangerous Dud
upstart writes:
Dutch Officials Warn That Big Telecom's Plan To Tax 'Big Tech' Is A Dangerous Dud:
For much of the last year, European telecom giants have been pushing for a tax on Big Tech company profits. They've tried desperately to dress it up as a reasonable adult policy proposal, but it's effectively just the same thing we saw during the U.S. net neutrality wars: telecom monopolies demanding other people pay them an additional troll toll - for no coherent reason.
To sell captured lawmakers on the idea, telecom giants have falsely claimed that Big Tech companies get a "free ride" on the Internet (just as they did during the U.S. net neutrality wars). To fix this problem they completely made up, Big Telecom argues Big Tech should be forced to help pay for the kind of broadband infrastructure upgrades the telecoms have routinely neglected for years.
It's a big, dumb con. But yet again, telecom lobbyists have somehow convinced regulators that this blind cash grab is somehow sensible, adult policy. Dutifully, European Commission's industry chief Thierry Breton (himself a former telecom exec) said last September he would launch a consultation on this "fair share" payment scheme in early 2023, ahead of any proposed legislation.
[...] But they're often not looking at the real problem. Both in the EU and North America, regulators routinely and mindlessly let telecom giants consolidate and monopolize an essential utility. Those monopolies then work tirelessly to drive up rates and crush competition. And, utilizing their lobbying power, they've also routinely gleamed billions in subsidies for networks they routinely half-complete.
[...] If the EU successfully implements such a scheme, you can be absolutely sure the next step will be the U.S., with captured regulators like Brendan Carr (who has been beating this idiotic drum for a few years now) at the front of the parade at Comcast's and AT&T's behest.
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