Home Uncategorized Brussels to fine Google with £1.75bn for ‘breaking EU law’

Brussels to fine Google with £1.75bn for ‘breaking EU law’

by adminV
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The European Commission will impose the massive penalty
against the internet giant as early as tomorrow, according to sources.
Eurocrats have accused Google of breaking EU competition law
by distorting search engine results to promote its shopping service.

The case was triggered by scores of complaints from rival
websites, including Microsoft and Trip Advisor.
If sanctioned, the huge sum will eclipse the previous £1bn
(€1.1bn) record fine that fellow tech company Intel was forced to pay in 2009.
Responding to the reports, a Google spokesman said: “We
continue to engage constructively with the European Commission.
“We believe strongly that our innovations in online
shopping have been good for shoppers, retailers and competition.”
Google has said regulators ignored competition from online
retailers Amazon and eBay Inc.
The investigation into the world’s most popular internet
search engine has so far taken seven years.
Companies found guilty of infringing EU competition rules
can be fined as much as 10 per cent of their global turnover.
Express UK reported that in Google’s case, this could be
about £7bn of its 2016 turnover but the fine not expected to reach this level.
Apart from the fine, the Commission will tell Google to stop
its alleged anti-competitive practices.
But it is not clear what measures it will order the company
to adopt to ensure that rivals get equal treatment in internet shopping
results.
Brussels fining a US company is likely to anger Donald
Trump, who was elected US President on his ‘America First’ slogan.
The European Commission infuriated his predecessor Barack
Obama last year by demanding Apple repay £11bn (€13bn) in back taxes in
Ireland.

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