France is backing EU proposals to fine companies sharing information with American intelligence services up to five percent of global revenue, The Telegraph reports. The UK is prepared to clash with France on the fines—estimated to potentially cost UK businesses £360 million per year. France has also tabled a proposal for an international data transfer levy, the report states. “Core European values, namely the respect of fundamental rights, including the right to privacy and security, also matter just as much online as offline. Recent disclosures concerning surveillance activities have cast a shadow in EU citizens trust,” said European Commission President José Manuel Barroso.
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