fine

    • Italy slaps Google with a €102m antitrust fine

      Italy slaps Google with a €102m antitrust fine

      The Italian antitrust authority announce it had imposed a huge fine, amounting at 102 million euros on Google, AFP reported. The technology conglomerate is accused of halting a rival smartphone app that facilitated the offering of electric vehicles. Google, whose Android operating system and Google Play app store dominate the Italian market abused its position by shtting an Enel X app for users of electric vehicles.

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    • Amazon wins a €250m court battle with EU

      Amazon wins a €250m court battle with EU

      The Luxembourg-based General Court scrapped an EU order aimed to make the e-commerce giant Amazon pay some 250 million euros in back taxes to Luxembourg, Reuters reported. "The Commission did not prove to the requisite legal standard that there was an undue reduction of the tax burden of a European subsidiary of the Amazon group," the judge said.

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    • ABN Amro ends a dirty cash row with a 480 million euro deal

      ABN Amro ends a dirty cash row with a 480 million euro deal

      The popular Dutch bank ABN Amro announced it had agreed a deal worth some 480 million euro to settle a scandal which involved allegations in illegal activities including money laundering, Reuters reported. It is expected that the agreed amount will weigh down on the bank’s first quarter earnings report. ABN Amro said in a statement it had agreed to pay a fine of a total of 300 million euros and 180 million euros as disgorgement reflecting "the seriousness, scope and duration of the identified shortcomings" in combating money laundering.

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    • China slaps Alibaba with a record $2.75bn penalty

      China slaps Alibaba with a record $2.75bn penalty

      The official Chinese authorities announced they had imposed a record $2.75 billion fine on the e-commerce giant Alibaba, Reuters reported. An anti-monopoly probe found Alibaba had abused its dominant market position for several years. The fine accounts for about 4% of Alibaba’s 2019 domestic revenue, comes as a result of a crackdown on technology companies and indicates China’s antitrust enforcement on internet platforms has entered a new era.

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    • Norway PM fined over birthday party

      Norway PM fined over birthday party

      The Prime Minister of Norway Erna Solberg was fined over violation of country’s quarantine rules, Reuters reported. Solberg organized a party to celebrate her birthday but thus violated rules for social distancing. The fine is $2,352, police chief Ole Saeverud elaborated at a news conference. The two-term Prime Minister apologised last month for organising an event for her 60th birthday with 13 family members at a mountain resort in late February, despite a government ban on gatherings of more than 10 people.

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    • Italy slaps Facebook with a €7m penalty

      Italy slaps Facebook with a €7m penalty

      The Italian antitrust body imposed a 7 million euro fine on Facebook, Reuters reported. The penalty is the result of Facebook’s failure to fulfill a formal request of the watchdog. The regulator requested Facebook to correct improper commercial practices in the group’s treatment of user data.

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    • EU claims court errors behind Apple €13bn fine overturn

      EU claims court errors behind Apple €13bn fine overturn

      The EU antitrust authorities claim the court has made some legal mistakes while overturning a €13bn worth verdict against Apple, Reuters reported. The initial order included obligation in Irish back taxes. The stakes are high for the European Commission in its crackdown against what it sees as aggressive tax planning by multinationals. It has a mixed record to date, winning court backing in its case against Fiat Chrysler but losing in the Starbucks and Belgian tax break cases.

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