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.

Newsletter

Related Articles

0:00
0:00
Close
Unelected PM of the UK holds an emergency meeting because a candidate got voted in… which he says is a threat to democracy…
Farmers break through police barriers in Brussels.
Ukraine Arrests Father-Son Duo In Lockbit Cybercrime Bust
US Offers $15 Million For Info On Leaders Of Cybercrime Group Lockbit
Apple warns against drying iPhones with rice
Alexei Navalny: UK sanctions Russian prison chiefs after activist's death
German economy is in 'troubled waters' - ministry
In a recent High Court hearing, the U.S. argued that Julian Assange endangered lives by releasing classified information.
Tucker Carlson says Boris Johnson wants "a million dollars, in Bitcoin or cash, from Tucker Carlson to talk about Ukraine.
Russia is rebuilding capacity to destabilize European countries, new UK report warns
EU Commission wants anti-drone defenses at Brussels HQ
Von der Leyen’s 2nd-term pitch: More military might, less climate talk
EU Investigates TikTok for Child Safety Concerns
EU Launches Probe Into TikTok Over Child Protection Under Digital Content Law
EU and UK Announce Joint Effort on Migration
Ministers Confirm Proposal to Prohibit Mobile Phone Usage in English Schools
Avdiivka - Symbol Of Ukrainian Resistance Now In Control Of Russian Troops
"Historic Step": Zelensky Signs Security Pact With Germany
"Historic Step": Zelensky Signs Security Pact With Germany
Russian opposition leader Alexey Navalny has died at the Arctic prison colony
Tucker Carlson grocery shopping in Russia. This is so interesting.
France and Germany Struggle to Align on European Defense Strategy
‘A lot higher than we expected’: Russian arms production worries Europe’s war planners
Greece Legalizes Same-Sex Marriage and Adoption Rights
Russia "Very Close" To Creating Cancer Vaccines, Says Vladimir Putin
Hungarian Foreign Minister: Europeans will lose Europe, the Union's policy must change drastically
Microsoft says it caught hackers from China, Russia and Iran using its AI tools
US Rejects Putin's Ceasefire Offer in Ukraine
The Dangers of Wildfire Smoke and Self-Protection Strategies
A Londoner has been arrested for expressing his Christian beliefs.
Chinese Women Favor AI Boyfriends Over Humans
Greece must address role in migrant vessel disaster that killed 600: Amnesty
Google pledges 25 million euros to boost AI skills in Europe
Hungarian President Katalin Novák Steps Down Amid Pardon Controversy
Activist crashes Hillary Clinton's speech, calls her a 'war criminal.'
In El Salvador, the 'Trump of Latin America' stuns the world with a speech slamming woke policing after winning a landslide election
Trudeau reacts to Putin's mention of Canadian Parliament applauding a former Ukrainian Nazi in his interview with Tucker Carlson.
The Spanish police blocked the farmers protest. So the farmers went out and moved the police car out of the way.
Volodymyr Zelenskiy fires top Ukraine army commander
Tucker Carlson's interview with Vladimir Putin raises EU concerns
Finnish Airline, Finnair, is voluntarily weighing passengers to better estimate flight cargo weight
Russia's Economy Expands by 3.6% Due to Increased Military Spending
Ukraine MPs Vote To Permit Use Of Dead Soldiers' Sperm
German Princess Becomes First Aristocrat To Pose Naked On Playboy Cover
UK’s King Charles III diagnosed with cancer
EU's Ursula von der Leyen Confronts Farmer Protests Amid Land Policy Debates
Distinguishing Between Harmful AI Media and Positive AI-Generated Content: A Crucial Challenge for the EU
Tucker Carlson explains why he interviewed Putin
Dutch farmers are still protesting in the Netherlands against the government, following the World Economic Forum's call for 'owning nothing.'
Hungarian Prime Minister Viktor Orbán stands up for European farmers and says, 'Brussels is suffocating European farmers.
×