Apple, Google Hit with EU Fines
Apple, Google Hit with EU Fines
Apple, Google Hit with EU Fines
News summary

Apple and Google faced significant legal defeats as the EU's Court of Justice upheld fines against both companies. Apple was ordered to pay €13 billion ($14.4 billion) in back taxes to Ireland due to unlawful aid received from the Irish government, a decision that followed a lengthy legal battle dating back to 2016. Simultaneously, Google was fined €2.4 billion ($2.64 billion) for abusing its market dominance in comparison shopping services. EU antitrust chief Margrethe Vestager hailed the rulings as victories for tax justice and digital fairness. Apple expressed disappointment, claiming the EU is retroactively changing tax rules, while analysts suggest the EU's actions are aimed at generating revenue from large tech firms. These rulings mark a continued effort by the EU to hold tech giants accountable for their financial practices in Europe.

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