The EU’s 10 biggest antitrust actions on tech

Quick Summary:

The Commission found that Amazon’s corporate structure in the country had allowed it to pay four times less tax than other companies based there — a tax break the EU calculated was worth around €250 million.(The EU does not issue fines for State Aid cases but requires any unlawfully uncollected taxes to be recouped.

Going further back in time, we arrive in May 2009, at what was then a record €1.06 billion antitrust penalty for chipmaker Intel after the EU found that the U.S.giant had abused a dominant position to exclude rival AMD.

The Court quashed the original fine in its entirety, owing to uncertainty over the penalty calculation, but last year the EU reimposed a fine of €376.36 million on Intel — for the “naked restrictions” that the Court had upheld.

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Article Details

Author / Journalist: Natasha Lomas

Category: Technology

Markets: United StatesIrelandLuxembourgOman

Topics: Eu antitrust big tech Commerce Evergreen Eu antitrust enforcement big tech Eu antitrust fines tech

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-21 @ 12:00:00 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 2336 words

Reading Time: 13 minutes read

Sentences: 85 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 22631080

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