news-details

Europe's fight with big tech over tax, data and disinformation

The European Union scored two major legal victories on Tuesday in separate cases that left Apple and Google owing billions of euros.

Brussels has been fighting giant tech firms for years on issues from data privacy to disinformation.

Taxation

Tuesday's victory over Apple is a huge reversal of fortune for the European Commission, which has had little success in arguing that tech firms broke the law by funneling profits into low-tax economies like Ireland and Luxembourg.

The EU's top court made a final ruling that the iPhone maker must pay 13 billion euros ($14.3 billion) in back taxes to Ireland, upholding a 2016 commission decision that a sweetheart deal between Apple and the Dublin government was illegal.

Related Posts
Advertisements
Market Overview
Top US Stocks
Cryptocurrency Market