The European Union’s Digital Services Act and the Digital Markets Act together construct a European vision for rules of acceptable business behavior in the digital world that are far different from those in place today. He said that both taxation and the data privacy issues have the potential to be a “grenade.”All three E.U. And digital giants would have to make more of their algorithms transparent, to allow independent scrutiny of their business practices. American lawmakers who think digital giants should pay far more taxes still sometimes bristle when other countries try to tax U.S. companies. And the data privacy issues may force costly changes on U.S. companies to overhaul how they handle their European customers’ information.

Source: Washington Post December 15, 2020 15:37 UTC