Apple, Google Lose Multibillion Dollar Court Fights With EU
By
Binu Mathew
(Bloomberg)- Apple Inc. lost its court fight over a €13 billion ($14.4 billion) Irish tax bill, and Google lost its challenge over a €2.4 billion fine for abusing its market power, in a double boost to the European Union’s crackdown on Big Tech.
The EU’s Court of Justice in Luxembourg backed a landmark 2016 decision that Ireland broke state-aid law by giving Apple an unfair advantage. In another victory for the EU’s antitrust chief Margrethe Vestager, the same court ruled that Google illegally leveraged its search-engine dominance to give a higher ranking to its own product listings.