Reported 29 days ago
In a significant legal setback, Apple faces a ruling from the European Union's top court mandating nearly €13 billion in back taxes for tax practices in Ireland, coinciding with the launch of its iPhone 16. Meanwhile, Google incurred a €2.4 billion fine for antitrust violations favoring its price comparison services. Analysts suggest these actions are part of the EU's strategy to generate revenue for local economies.
Source: YAHOO