How Ireland lost its chance to become Big Tech’s ‘super regulator’ – CNBC

Many of the largest U.S. tech firms hold their European headquarters in Dublin.

Artur Widak | Nurphoto | Getty Images

Incoming EU rules forcing Big Tech to police content on the internet more aggressively will be enforced directly by the European Commission, a move experts say will diminish the role Ireland has played so far in supervising digital giants in the region.

Since 2018, Ireland’s Data Protection Commission has been the main privacy watchdog supervising the likes of Facebook parent company Meta and Google under the European Union’s General Data Protection Regulation, which aims to give consumers more control over their data.

That’s because many of the largest U.S. tech firms, including Meta, Google, and Microsoft, chose Dublin for their European headquarters, due in no small part to Ireland’s favorable tax regime.

But the Irish DPC has faced criticism over the years for being slow to carry out major privacy investigations, and for failing to impose many substantial fines….

Read Full Story: https://www.cnbc.com/2022/05/04/how-ireland-lost-its-chance-to-become-big-techs-super-regulator.html

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