According to @KobeissiLetter, public EU tech companies paid €3.2 billion in income tax in 2024, while the EU fined US tech companies €3.8 billion, meaning fines exceeded the sector’s total tax contribution, source: @KobeissiLetter. According to @KobeissiLetter, the post further notes that if SAP moved from Europe to the US, the EU would lose additional tax revenue, highlighting concentration risk in EU tech tax receipts, source: @KobeissiLetter. Based on these reported figures, equity traders can monitor SAP, EU tech benchmarks such as the STOXX Europe 600 Technology, and EU regulatory headlines for potential volatility driven by enforcement intensity versus the region’s tech tax base, source: @KobeissiLetter. FX desks may track EUR/USD for policy and regulatory risk repricing tied to EU enforcement actions against large-cap US tech, source: @KobeissiLetter. Crypto traders can watch BTC and ETH for cross-asset risk moves during EU tech regulatory developments that may influence broader risk appetite and liquidity conditions, source: @KobeissiLetter.