Google and Apple Lose EU Legal Battles, Owing Billions in Fines and Taxes
#GoogleCrypto #Apple #EuropeanUnion #European
Google has lost its appeal against a $2.7 billion EU fine for favoring its Google Shopping service, marking a major win for regulators.
On the same day, Apple was ordered to repay $14.34 billion in back taxes to Ireland after losing its case. These rulings underscore the EU’s growing efforts to hold Big Tech accountable for antitrust violations and unfair tax practices.
Despite the hefty fines, the financial impact on Google and Apple remains minimal. However, the rulings set a significant precedent, empowering regulators to intensify scrutiny on major tech companies worldwide.
