Tech giants could pay 10% of turnover under draft UK law
:"The CMA itself has been very much in 'preparation mode' hiring in people from big tech to bolster its resources within a newly created 'digital markets' unit and getting its teeth into several ongoing investigations of Apple, Amazon and Google amongst others.
Haffner added:"To that extent, it marks a major shift in the way in which the UK government makes good on its promise to create the conditions for tech companies of all shapes and sizes to innovate and grow." She added:"Digital markets offer huge benefits, but only if competition enables businesses of all shapes and sizes the opportunity to succeed. This bill is a legal framework fit for the digital age. It will establish a tailored, evidenced-based and proportionate approach to regulating the largest and most powerful digital firms to ensure effective competition that benefits everyone."
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