Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Big tech spends big money lobbying EU. Will this bribery system will work as effective it works in USA?

Big tech spends big money lobbying EU. Will this bribery system will work as effective it works in USA?

Tech industry giants outspent big pharma and fossil fuel companies trying to win influence and shape policy in Brussels, a new study has found.

Google spends more on attempting to influence decision makers and shape regulations in the EU than any other company or organisation, a new study published on Tuesday has found.

The study, which compiled data submitted by companies to the EU Transparency Register up to mid-June this year, found that tech firms collectively dominate lobbying efforts in Europe, with hundreds of companies, business groups and associations all spending €97 million a year on attempting to influence EU institutions.

The tech sector now outspends the pharmaceutical, fossil fuel, finance and chemicals industries, according to the study released by Corporate Europe Observatory and Lobbycontrol.

"The rising lobby firepower of big tech and the digital industry as a whole mirrors the sectors' huge and growing role in society," the study said, as it called for the EU to strengthen lobbying rules and transparency.

Tech, big spender


The study found that 612 tech and digital sector companies, groups and associations spend more than €97 million annually lobbying on EU digital economy policies. Of those, over 20 per cent were US-based, with Chinese companies accounting for less than one per cent.

Google topped spending at €5.75 million, followed by Facebook at €5.5 million euros, Microsoft at €5.25 million, Apple at €3.5 million, Huawei at €3 million and Amazon in sixth place with €2.75 million, the study said.

Overall, 10 tech firms, Vodafone, Qualcomm, Intel, IBM, Amazon, Huawei, Apple, Microsoft, Facebook and Google accounted for over a third of the sector's lobbying spend in Europe.

European Commission officials held the majority of meetings about key digital legislation with big tech firms and their representatives, the study said


Google and Huawei told Reuters that they submit their lobbying data to the EU transparency register.

"We have clear policies in place to protect the independence of the people and organisations we sponsor, including a requirement to disclose funding," Google said.

"The European Union has been and remains an important stakeholder for Microsoft. We seek to be a constructive and transparent partner to European policymakers," Microsoft said.

Facebook, Apple and Amazon did not immediately respond to Reuters requests for comment.

Tech companies buying access


Tech and digital companies focused their lobbying efforts on the EU's proposed Digital Markets Act (DMA) and Digital Services ACT (DSA), the study found.

The two pieces of EU legislation seek to control Big Tech's "gatekeepers" by applying stricter competition rules, forcing greater transparency in advertising and making them responsible for illegal content hosted on their platforms.

According to the study, some 75 per cent of the 271 meetings EU Commissioners held to discuss the DSA and DMA were with tech companies or their associated trade groups.

"The economic and political power of the digital giants is hefty, and they are not going to remain passive in the face of possible new rules that affect the way they conduct their business," said Tommaso Valletti, economics professor at Imperial College London and former chief economist of the Competition Directorate of the EU Commission.

"That‘s why the EU institutions urgently need to change the way they handle this lobbying and limit the power of big tech".

The study also highlighted the role played by think tanks and even the EU Parliament's political parties in promoting the tech industry's points of view.

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
U.S. and Hungarian Officials Talk About Economic Collaboration and Sanctions Strategy
Technology Giants Activate Lobbying Campaigns Against Strict EU Regulations
Pope Francis Admitted to Hospital in Rome Amid Increasing Speculation on Succession
Zelensky Calls on World Leaders to Back Peace as Tensions Rise with Trump
UK Leader Keir Starmer Calls for US Security Guarantee in Ukraine Peace Deal
NATO Chief Urges Higher Defense Expenditure in Europe
The negotiation teams of Trump and Putin meet directly, establishing the groundwork for a significant advancement.
Rubio Touches Down in Riyadh Before Key U.S.-Russia Discussions
Students in Serbian universities Unite to Hold Coordinated Protests for Accountability.
US State Department Removes Taiwan Independence Statement from Website
Abolishing opposition won't protect Germany from Nazism—this is precisely what led Germany to become Nazi!
Transatlantic Gold Rush: Traders Shift Bullion in Response to Tariff Anxieties and Market Instability
Bill Ackman Backs Uber as the Company Shifts Towards Profitability
AI Titans Challenge Nvidia's Supremacy in Light of New Chip Innovations
US and Russian Officials to Meet in Saudi Arabia Over Ending Ukraine Conflict. Ukraine and European leaders – who profit from this war – excluded from the negotiations.
Macron Calls for Urgent Summit as Ukraine Conflict Business Model is Threatened
Trump’s Defense Secretary: Ukraine Won’t Join NATO or Regain Lost Territories
Zelensky Urges Europe to Bolster Its Military in Light of Uncertain US Backing
Chinese Zoo Confesses to Dyeing Donkeys to Look Like Zebras
Elon Musk is Sherlock Holmes - Movie Trailer Parody featuring Donald Trump's Detective
Trump's Greenland Suggestion Sparks Sovereignty Discussions Amid Historical Grievances
OpenAI Board Dismisses Elon Musk's Offer to Acquire the Company.
USAID Uncovered: American Taxpayer Funds Leveraged to Erode Democracy in Europe Until Trump Put a Stop to It.
JD Vance and Scholz Did Not Come Together at the Munich Security Conference.
EU Official Participates in Discussions in Washington Amid Trade Strains
Qatar Contemplates Reducing French Investments Due to PSG Chief Investigation
Germany's Green Agenda Encounters Ambiguity Before Elections
Trump Did Not Notify Germany's Scholz About His Ukraine Peace Proposal.
Munich Car Attack Escalates Migration Discourse Before German Elections
NATO Allies Split on Trump's Proposal for 5% Defense Spending Increase
European Parliament Advocates for Encrypted Messaging to Ensure Secure Communications
Trump's Defense Spending Goal Creates Division Among NATO Partners
French Prime Minister Bayrou Navigates a Challenging Path Amid Budget Preservation and Immigration Discourse
Steering Through the Updated Hierarchy at the European Commission
Parliamentarian Calls for Preservation of AI Liability Directive
Mark Rutte Calls on NATO Allies to Increase Defence Expenditures
Dresden Marks the 80th Anniversary of the World War II Bombing.
Global Community Pledges to Aid Syria's Political Transition
EU Allocates €200 Billion for AI Investments, Introduces €20 Billion Fund for Gigafactories
EU Recognizes Its Inability to Close the USAID Funding Shortfall Due to Stalled US Aid
Commission President von der Leyen Missing from Notre Dame Reopening Due to Last-Minute Cancellation
EU Officializes Disinformation Code for Online Platforms, Omitting X
EU Fails to Fully Implement Key Cybersecurity Directives
EU Under Fire for Simplification Discussions Regarding Corporate Sustainability Reporting
Shein Encountering Further Information Request from the EU During Ongoing Investigation
European Commission Initiates Investigation into Shein as It Aims at Chinese E-Commerce Regulations
German Officials Respond to U.S. Proposal for Peace Talks with Russia
Senate Approves Robert F. Kennedy Jr. as Secretary of Health and Human Services.
Trump and Putin Engage in Discussions on Ukraine Peace Negotiations Amid Worldwide Responses
Honda and Nissan End Merger Talks
×