The Brazilian government’s executive branch hosted a political ceremony last week in which it unveiled its “Digital Brazil Agenda,” which proposes six government projects to build a “safer, more competitive, and more innovative digital environment.” The most high-profile of these was the Digital Child and Teenager Act, which would set rules for how social-media platforms ... Brazil’s Digital Markets Bill: A DMA Through the Back Door? The post Brazil’s Digital Markets Bill: A DMA...| Truth on the Market
Brazilian President Luiz Inácio Lula da Silva recently endorsed giving the Administrative Council for Economic Defense (CADE) much more power to regulate Big Tech, even as U.S. President Donald Trump threatens to impose tariffs “on countries whose taxes, legislation and regulations target US big tech companies such as Google, Meta, Amazon and Apple.” Trump’s declaration ... Beyond the Bark: Brazil’s Prudent Path in Digital Regulation The post Beyond the Bark: Brazil’s Prudent Path ...| Truth on the Market
Brazil is broadly expected to move forward in the very near future with plans to adopt ex-ante competition regulations to govern digital platforms. Indeed, in the wake of a public consultation launched by the Ministry of Finance in early 2024, President Luiz Inácio Lula da Silva and the administration have spent much of the past ... Lessons from the UK for Brazil’s Digital Market Strategy The post Lessons from the UK for Brazil’s Digital Market Strategy appeared first on Truth on the Mar...| Truth on the Market
A recent Organization for Economic Co-operation and Development (OECD) policy paper on competition in cloud computing frames the sector as fragile, with an imminent threat of anticompetitive behavior. As the paper notes, 70-80% of the global cloud share is controlled by Microsoft, AWS (Amazon Web Services), and Google. This paints the picture of a concentrated ... OECD Cloud-Computing Competition Study Offers Solutions in Search of a Problem The post OECD Cloud-Computing Competition Study Off...| Truth on the Market
In a tense meeting room last month in Brussels, U.S. trade negotiators leaned forward and delivered a pointed warning to their European counterparts: “Europe’s digital rules? They’re on the table—if the EU digs in, your exports face consequences.” South Korea now stands on the same precipice. By moving forward with the proposed Online Platform Monopoly ... US Trade Retaliation May Be the Consequence for Imitating the EU’s Digital Rulebook| Truth on the Market
I recently explained in Forbes that U.S. trade negotiators could leverage the planned withdrawal of anticompetitive federal regulations to obtain a cutback in foreign anticompetitive market distortions (ACMDs) that harm American firms and consumers. A July 2 nonpartisan letter to senior administration officials from the Information Technology and Innovation Foundation (ITIF), joined by senior policy scholars, ... Why the United States May Confront Nontariff Attacks Against Tech Firms The p...| Truth on the Market
The European Union’s Digital Markets Act (DMA) has emerged as one of the most consequential pieces of digital regulation in recent years. While officially presented as pro-competition legislation designed to ensure fair and open digital markets, mounting evidence suggests the DMA functions as a de facto digital tax on American technology companies. This analysis draws ... The Digital Markets Act as an EU Digital Tax: When Compliance Costs Dwarf Regulatory Estimates The post The Digital Mark...| Truth on the Market
The Spanish government has approved BBVA’s hostile takeover bid for Banco Sabadell but as I anticipated in an earlier Truth on the Market post, it did so while imposing stringent conditions. Both banks will be required to maintain separate legal identities, management, and operations for at least three years, potentially extendable to five. These conditions ... Merger Control or Political Tool? Lessons from Spain’s Attempt to Stall the Sabadell Merger The post Merger Control or Political ...| Truth on the Market
