2024-09-13
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on the 10th, two american technology giants, apple and google, were found to have lost the cases of tax evasion and market monopoly respectively by the european court of justice.the washington post commented on the 11th that the two judgments meant that the eu had won a "major victory" in its efforts to regulate us technology giants.the new york times said on the same day that this incident marked the eu's establishment as the world's leading regulator of technology companies, but its protracted appeal process still raised questions.
bloomberg reported on the 10th that the european court in luxembourg ruled on the same day to reject apple's appeal and required it to pay 13 billion euros in back taxes to ireland.according to an agreement previously reached between apple and the irish government, apple's european business can enjoy ultra-low tax rates.in 2016, the european commission ruled that apple's low tax rate was inconsistent with eu rules and that it was required to pay back taxes, prompting apple to appeal.the european court of justice upheld the ruling made in 2016.afp said that just minutes after making the ruling on apple, the european court of justice also upheld the eu's previous decision to fine google 2.4 billion euros.in a 2017 ruling, google was found to have illegally used its dominance in search engines to give its own products higher search rankings and suppress rival shopping services.
some foreign media analyzed that the eu regulatory authorities' "consecutive actions" against the above two companies have provided a basis for the united states, the european union and the united kingdom to tighten their supervision of large technology companies. qatar's al jazeera analyzed that the eu's strong stance paved the way for the "global review" of silicon valley technology companies.
according to reuters on the 11th, vestager, the eu antitrust chief who led the two cases, said on the same day that the two rulings were major victories for european citizens and tax fairness. google expressed "disappointment" with the eu's ruling. a google spokesperson said: "we made changes as early as 2017 to comply with the relevant decisions of the european commission." according to reports, in the past decade, google has been fined more than 8 billion euros by the eu for antitrust violations, and there are still projects being investigated by the eu in the name of antitrust violations. apple said that the european commission tried to change the rules retroactively, ignoring the fact that international tax laws require its revenue to be taxed in the united states.
in the united states, technology giants are also facing greater regulatory pressure. axios news reported on the 11th that senior executives from technology companies such as google, meta, microsoft and adobe will travel to washington next week to attend a hearing held by the senate intelligence committee on the so-called cybersecurity issues of the us presidential election. the report said that since 2016, it has become increasingly common for senior executives from us technology companies to attend relevant hearings.
global times
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