PolitiQuote

Discover video-sourced quotes by politicians

Howard Lutnick: “Europe has taxed our companies with fines, regulatory…”

Featuring: Howard Lutnick, Secretary of Commerce | National

Watch on YouTube

US Secretary of Commerce Howard Lutnick speaks at the World Economic Forum

Published | Video Starts at 30:25

… in Canada, can invest in Europe, but they can't if they have the Digital Services tax, the Digital Services act, the Digital Markets act, the digital this, the digital that. Europe has taxed our companies with fines, regulatory attacks, more than they've earned in taxes on their own technology companies. Instead of saying come and build and grow and build data centers here, they tax the heck out of them with fines and regulations that harm them. It's illogical. (30:25–30:38)

CLAIM

Asserts that European regulations and fines on US tech companies exceed the taxes collected from their own tech companies.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


Howard Lutnick

Discover more from

Howard Lutnick

Report A Transcription Error

Please report any error in the automated transcription.

About PolitiQuote

PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

PolitiQuote is a service of Gigafact Foundation, a nonpartisan nonprofit advancing facts and information transparency, community by community.

Visit gigafact.org to learn more.