E.U. Court Rules Apple and Google Must Pay Billions in Back Taxes and Fines
Tuesday, 10 September 2024, 12:02
European Court's Landmark Judgment
The European Court of Justice has ruled that Apple must repay approximately $14.35 billion due to illegal tax benefits enjoyed in Ireland. This decision underscores the rigorous stance taken by the E.U. against perceived tax evasion by major corporations.
Antitrust Fines Against Google
In a parallel ruling, the court backs a substantial $2.65 billion antitrust fine imposed on Google. This action is part of a broader initiative to ensure fair competition within the tech industry.
- Tech Giants Affected: Apple, Google
- Key Regulations: Antitrust, Tax Compliance
- Financial Impact: Billions in Repayments
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.