After a long legal battle between the European Union and Google and Apple, Europe’s top court delivered bad news for both companies on the same day. The two tech giants, after losing appeals, will have to pay billions to pay off some fines.
According to reports, Apple is the one that will receive the hardest blow, needing to pay around 13 billion euros (approximately R$80 billion in direct conversion), while the Google to pay ‘lowest’ amount of €2.4 billion (around R$ 14 billion).
The bad news comes to Apple one day after its “It’s Glow time” event, in which its new smartphone, the iPhone 16, was announced, in addition to several other new features, such as New features for iOS 18, new health monitoring features for Apple Watch e also for AirPods Pro.
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List of Google fines
EU Court Delivers Blow to Tech Giants: Google and Apple Ordered to Pay Billions in Fines
In a landmark ruling, Europe’s top court has dealt a significant blow to tech giants Google and Apple, ordering them to pay billions of euros in fines. The long-awaited decision comes after a prolonged legal battle between the European Union and the two companies.
Google Fined €2.4 Billion
According to reports, Google has been ordered to pay a staggering €2.4 billion fine . This penalty was imposed by the EU’s antitrust regulators, who accused Google of breaching antitrust rules by favoring its own shopping services over those of its competitors. The fine is one of the largest ever imposed by the EU on a single company.
Apple Loses Fight Against €13 Billion Irish Tax Bill
Meanwhile, Apple has been dealt an even harder blow, with the EU’s top court ruling that the company must pay a whopping €13 billion ($14.4 billion) in back taxes to Ireland . The ruling comes after Apple challenged the EU’s antitrust regulators’ decision to impose the tax bill, accusing the company of receiving sweetheart tax deals from Ireland.
EU Antitrust Chief Margrethe Vestager Scores Major Wins
The EU’s antitrust chief, Margrethe Vestager, has scored two major wins with the rulings against Google and Apple . Vestager has been a vocal critic of Big Tech, accusing companies of abusing their market dominance and engaging in anti-competitive practices. The rulings are seen as a major victory for Vestager and the EU’s efforts to curb the power of tech giants.
Implications for Big Tech
The rulings have significant implications for Big Tech, highlighting the EU’s determination to crack down on anti-competitive practices and tax avoidance. The fines imposed on Google and Apple are a clear warning to other tech companies that they must comply with EU regulations and pay their fair share of taxes.
the EU court‘s ruling is a major setback for Google and Apple, and a significant victory for the EU’s antitrust regulators. The fines imposed on the two companies send a strong message to the tech industry, emphasizing the need for compliance with EU regulations and fair competition practices.
Keywords: EU court, Google, Apple, antitrust, fines, tax bill, Margrethe Vestager, Big Tech.
EU Court Delivers Blow to Tech Giants: Google and Apple Ordered to Pay Billions in Fines
In a landmark ruling, Europe’s top court has dealt a significant blow to tech giants Google and Apple, ordering them to pay billions of euros in fines. The long-awaited decision comes after a prolonged legal battle between the European Union and the two companies.
Google Fined €2.4 Billion
According to reports, Google has been ordered to pay a staggering €2.4 billion fine [[1]]. This penalty was imposed by the EU’s antitrust regulators, who accused Google of breaching antitrust rules by favoring its own shopping services over those of its competitors. The fine is one of the largest ever imposed by the EU on a single company.
Apple Loses Fight Against €13 Billion Irish Tax Bill
Meanwhile, Apple has been dealt an even harder blow, with the EU’s top court ruling that the company must pay a whopping €13 billion ($14.4 billion) in back taxes to Ireland [[2]]. The ruling comes after Apple challenged the EU’s antitrust regulators’ decision to impose the tax bill, accusing the company of receiving sweetheart tax deals from Ireland.
EU Antitrust Chief Margrethe Vestager Scores Major Wins
The EU’s antitrust chief, Margrethe Vestager, has scored two major wins with the rulings against Google and Apple [[3]]. Vestager has been a vocal critic of Big Tech, accusing companies of abusing their market dominance and engaging in anti-competitive practices. The rulings are seen as a major victory for Vestager and the EU’s efforts to curb the power of tech giants.
Implications for Big Tech
The rulings have significant implications for Big Tech, highlighting the EU’s determination to crack down on anti-competitive practices and tax avoidance. The fines imposed on Google and Apple are a clear warning to other tech companies that they must comply with EU regulations and pay their fair share of taxes.
The EU’s decision to impose massive fines on Google and Apple is a significant development in the ongoing battle between the EU and Big Tech. The ruling is a major setback for Google and Apple, and a significant victory for the EU’s efforts to promote fair competition and protect consumers.
Payment of Fines: A Key Aspect of EU Judicial Cooperation
The payment of fines is a key aspect of EU judicial cooperation, as it ensures that financial penalties are enforced across member states [[1]]. The EU works to ensure that all financial penalties are collected, and a Council framework decision lays down the rules for mutual recognition of financial penalties.
the EU court’s ruling is a major blow to Google and Apple, and a significant victory for the EU’s efforts to promote fair competition and protect consumers. The fines imposed on the two tech giants are a clear warning to other companies that they must comply with EU regulations and pay their fair share of taxes.
References:
[[1]]https://commission.europa.eu/law/cross-border-cases/judicial-cooperation/types-judicial-cooperation/payment-fines_en
[[2]]
