this post was submitted on 10 Sep 2024
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Technology

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87
Apple to pay €13bn in tax, Google a €2.4bn fine for market dominance abuse, the European Court of Justice rules (www.bbc.com)
submitted 2 months ago by 0x815@feddit.org to c/technology@beehaw.org
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cross-posted from: https://feddit.org/post/2722079

Apple has been told to pay €13bn (£11bn; $14bn) in unpaid taxes to Ireland by the European Court of Justice (ECJ).

The European Commission accused Ireland of giving Apple illegal tax advantages eight years ago but the Irish government has consistently argued against the need for the tax to be paid.

The ECJ said its decision on the matter was final and that "Ireland granted Apple unlawful aid which Ireland is required to recover".

The Irish government said it would respect the ruling, while Apple said it was disappointed with the decision and accused the European Commission of "trying to retroactively change the rules".

A separate ECJ ruling on Tuesday also brought an end to a long-running case with Google, with the company ordered to pay a fine of €2.4bn (£2bn) fine for market dominance abuse.

[...]

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[–] BumpingFuglies@lemmy.zip 15 points 2 months ago (1 children)

$14 billion. That's actually pretty hefty. Go, EU regulators! Do what my regulatory-captured country won't!

[–] FlashMobOfOne@beehaw.org 3 points 1 month ago

Compared to the US, very hefty.

Is it enough, though? I can't say if it is or not, but my gut tells me it's not enough.