It seems to me you are just arguing that multinational corporations should be able to ignore all laws from every country because none of them have the global authority to regulate a global company, which is ridiculous and the opposite of how things have ever worked.

Break the law in the US, get punished in the US. Break the law in the EU, get banned from the EU. Companies have to comply with the law in a country if they want to do business there. Governments beat corporations as they should, every time -- any system in which this is not the case is corporate oligarchy.