The European Union could create a powerful new regulator to oversee a swath of mainly U.S.-based Internet companies, according to an internal document that lays bare the deep concerns in top EU policy circles around the economic threat posed by companies like Google Inc. and Facebook Inc. Such a move would throw the biggest obstacle yet in the way of U.S. Internet companies operating in Europe, a number of which are already embroiled in investigations and lawsuits over issues including unfair competition and tax avoidance.
- Read the article: The Wall Street Journal
