European Commission: fine 9 twice for Google?

Η Commission is reportedly preparing a mammoth ($9 billion) fine for Alphabet's Google for violating EU antitrust rules, according to Reuters.

Community competition watchdog accuses Google in April 2015 of showing distorted results on the internet to favor its own services at the expense of competing services. This specific case was identified from the end of 2010.Google

Some time ago, people were aware of the matter, they told Reuters that they believed that after three failed compromise efforts over the past six years, Google had no plans to resolve these allegations unless the committee changed its stance.

The search engine company is being investigated by the Commission from 2010 when it has received complaints from American and European competitors of Google.

If it is guilty of violating antitrust rules, it will face fines of up to 10% of its annual turnover, which in the case of Google may be over 6 billion.

The biggest anti-trust fine to date has been a fine of 1,1 billion Euro imposed on Intel 2009.

In addition to the fine, Reuters believes that the Commission will try to stop Google from its alleged practices, but it is unclear what steps the company could take to level the playing field for competing companies.

Google agreed last month to pay 306 million euros in taxes to Italy and Ireland in an effort to end a criminal investigation into whether the company avoided paying in its total revenue for more than a decade.

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Written by giorgos

George still wonders what he's doing here ...

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