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Apple, Google Lose Multibillion Dollar Court Fights With EU [1]

['Samuel Stolton', 'Jennifer Duggan', 'Samuel Stolton Jennifer Duggan']

Date: 2024-09-10

Apple Inc. lost its court fight over a €13 billion ($14.4 billion) Irish tax bill Bloomberg Terminal 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.

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[1] Url: https://www.bloomberg.com/news/articles/2024-09-10/apple-loses-eu-top-court-fight-over-13-billion-irish-tax-bill

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