It gets worse:



In 2024, public EU tech companies paid just €3.2B in income tax.

Meanwhile, the EU fined US tech companies €3.8B, which is MORE than the combined tax revenue from all public EU tech companies.

And, if just SAP moved from Europe to the US, the EU would lose ~50% of this tax revenue.

The EU is basically funding itself through fines on US tech.

$METAX $GOOGLX $AAPLX
METAX-0.56%
GOOGLX-0.03%
AAPLX-0.24%
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