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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.
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