Apple, Google owe whopping tax bills and fines due to EU's crackdown on Big Tech

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Apple, Google owe whopping tax bills and fines due to EU's crackdown on Big Tech
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Apple and Alphabet-owned Google were both handed defeats by the European Union's top court this week, as the bloc's regulators continue their crackdowns against major tech firms.

Apple and Google were both handed separate defeats Tuesday in their defenses against the European Union's efforts to rein in the dominance of major tech firms. The EU's top court, the European Court of Justice, sided with the bloc's executive arm, the European Commission , in a case that requires Apple to pay some $14 billion in back taxes to Ireland. The high court also upheld a $2.7 billion fine against Google for alleged antitrust violations.

" The case against Alphabet-owned Google stems back to 2017, when the EC issued a fine against the world's largest search engine for using its own price comparison shopping service to gain an allegedly unfair advantage over smaller European rivals. A lower tribunal had endorsed the EU competition enforcer's decision in 2021, prompting Google to appeal.

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