Martin Zahariev, Ph.D., Law and Internet Foundation expert: I am not convinced that financing will solve the problems of the European technological companies

In an interview for Bloomberg TV Bulgaria, Martin Zahariev, Ph.D., from the Law and Internet Foundation, commented on the agreement reached between France and the United States during the G7 summit on the 3% digital tax, introduced by the French president, Emanuel Macron, which targets technological giants, such as Facebook and Amazon. Zahariev puts emphasis on the need for supranational regulation regarding such a digital tax, as well as on reaching a consensus between the countries concerned. In relation to the proposal by EU officials to establish a €11 billion fund in order to increase competitiveness of European companies against US and Chinese competitors, Zahariev expresses the opinion that a “financial injection” would not be enough to reach that goal due to the fact that other factors- such as the type of business model and management- also play an important part. More information on the topic is available here.