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Europe Seeks To Tame American Internet Giants

As European governments increasingly push back against the growing power of American Internet giants on antitrust, privacy and tax, the competition in question increasingly looks like a clash of economies rather than rival companies. The EU and the U.S. are on the brink of a new kind of trade war, where the flow of data are just as important as the flow of capital. The British government's "Google tax," announced last week in the Autumn Statement, is only the latest example of policies that target the powerhouses of Silicon Valley.

Read the whole story at The Daily Telegraph »

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