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Apple, Google Lose Multibillion Dollar Court Fights With EU
Posted
September 10, 2024
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1:00Now PlayingApple Inc. lost its court fight over a €13 billion ($14.4 billion) Irish tax bill and Google lost its challenge over a €2.4 billion fine for abusing its market power, in a double boost to the European Union’s crackdown on Big Tech. #apple #google #bigtech #tech #technology #eu #europe #worldnews
The EU’s Court of Justice in Luxembourg backed a landmark 2016 decision that Ireland broke state-aid law by giving Apple an unfair advantage. In another victory for the EU’s antitrust chief Margrethe Vestager, the same court ruled that Google illegally leveraged its search-engine dominance to give a higher ranking to its own product listings.
Vestager — who is just weeks away from departing the Brussels-based European Commission after two terms — made Apple and Alphabet Inc.’s Google top targets after taking up her role in 2014. The Apple decision was by far the biggest in her decade-long campaign for tax fairness, which has also targeted the likes of Amazon.com Inc. and carmaker Stellantis NV’s Fiat. Vestager has argued that selective tax benefits to big firms are illegal state aid that are banned in the EU.
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