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EU top court rejects 250 million EU tax order to Amazon
Economic Times
·
1y ago
Medial
In a setback to EU antitrust chief Margrethe Vestager's efforts against sweetheart deals, the EU's top court has overturned an order for Amazon to pay €250 million in back taxes to Luxembourg. The Court of Justice of the European Union (CJEU) stated that the Commission failed to demonstrate that the tax ruling granted to Amazon by Luxembourg was a state aid incompatible with the internal market.
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Apple risks losing $14 billion in tax at top EU court
Livemint
·
1y ago
Medial
In a potential setback for Apple, an adviser to Europe's top court stated that a European Union tribunal made legal errors in favor of the tech giant over a $14 billion tax order. The adviser recommends that the case be reviewed again. In 2016, the European Commission accused Apple of benefiting from Irish tax rulings, artificially reducing its tax burden. The EU general court upheld Apple's challenge in 2020. However, the adviser suggests setting aside the ruling and referring the case back to the lower tribunal. The final ruling is expected in the coming months.
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EU court rejects TikTok bid to suspend tough curbs
Economic Times
·
1y ago
Medial
Social media platform TikTok has lost a court bid in the European Union to suspend strict new regulations that designate it as a market gatekeeper. The EU's Digital Markets Act (DMA) aims to create a fairer market by enforcing changes on major tech firms. TikTok has challenged its designation as a gatekeeper, but failed to demonstrate the urgency required for an interim order. The platform will now have to comply with the DMA while its case is ongoing. TikTok, along with other tech giants, is also challenging the EU over other regulations and fees.
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EU court rejects ByteDance's challenge against EU gatekeeper label
Economic Times
·
1y ago
Medial
The European Court has dismissed TikTok owner ByteDance's challenge against being designated as a gatekeeper under EU tech rules. The designation under the Digital Markets Act subjects companies to certain regulations to ensure fair competition and more consumer choices. The General Court rejected ByteDance's action, supporting the decision made by the Commission.
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Amazon loses court fight to suspend EU tech rules' ad clause
Economic Times
·
1y ago
Medial
Amazon has lost its bid to suspend a requirement under EU tech rules pertaining to its online advertising. The European Union's top court, the Court of Justice of the European Union (CJEU), rejected Amazon's challenge and dismissed its application for an interim measure. The requirement, part of the Digital Services Act (DSA), necessitates Amazon to provide detailed information on its online advertising, which the company argued infringes on its fundamental rights. However, the judge stated that the interests defended by the EU legislature outweigh Amazon's material interests and that a suspension could hinder the objectives of the DSA.
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Apple fights €1.8 billion EU antitrust fine for curbs on Spotify
Economic Times
·
1y ago
Medial
Apple Inc. is appealing a €1.8 billion ($1.9 billion) fine imposed by the European Union for allegedly hindering fair competition among music-streaming rivals, such as Spotify. The iPhone maker has filed a lawsuit at the EU's General Court to contest the decision and challenge the order to stop preventing music-streaming apps from informing users of cheaper deals outside the App Store. The European Commission has expressed its readiness to defend its decisions in court. This comes after previous disputes between Apple and the EU over a record tax bill. Silicon Valley firms face increasing scrutiny from EU competition regulators.
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'Deliberate disobedience': SC rejects Ramdev's apology in Patanjali case
Livemint
·
1y ago
Medial
The Supreme Court has rejected an apology from Patanjali, Baba Ramdev, and Acharya Balkrishna for airing misleading advertisements. The court accused them of taking the contempt of court proceedings lightly and considered their actions a deliberate violation of their orders. The case revolves around misleading advertisements by Patanjali Ayurveda, which violated the court's previous order against such practices. The court was addressing a plea from the Indian Medical Association seeking guidelines to prevent false and misleading advertisements related to allopathy and modern medicine.
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Google pays 326 million euros to settle Italy tax dispute: prosecutor
Economic Times
·
5m ago
Medial
Google paid 326 million euros to settle a tax dispute with Italy, covering alleged unpaid taxes between 2015 and 2019 from advertising revenues. The settlement resulted in prosecutors recommending the dismissal of criminal proceedings. This case reflects broader EU challenges in taxing tech companies, with previous high-profile cases involving Apple and Amazon also facing legal complexities. The EU struggles with these firms channeling profits into low-tax nations like Ireland and Luxembourg.
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EU closes investigations into Amazon, Starbucks and Fiat tax rulings
Economic Times
·
8m ago
Medial
The European Commission has closed state aid investigations into tax rulings granted by Luxembourg and the Netherlands to Amazon, Fiat, and Starbucks. The Commission had previously found that these countries had provided selective tax advantages to the companies, but these decisions were later annulled by the EU courts. As a result, the investigations have been closed, and it has been confirmed that the companies did not receive any selective tax advantages in violation of EU state aid rules.
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CCI probe order on Amazon, Flipkart: SC transfers all pending cases to Karnataka HC
YourStory
·
7m ago
Medial
The Supreme Court has transferred petitions by Amazon and Flipkart, challenging the Competition Commission of India's (CCI) probe order, to the Karnataka High Court. The order involves alleged malpractices such as deep discounting and preferential seller tie-ups. The decision consolidates similar cases from various high courts, ensuring all are heard in Karnataka. The CCI's investigation stems from a complaint by the Delhi Vyapar Mahasang. Amazon and Flipkart previously challenged the CCI's order in separate high courts.
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Amazon will have to publish an ads library in EU after all
TechCrunch
·
1y ago
Medial
The European Union's highest court has ruled that Amazon will be required to publish an ads library in the EU. This decision comes as part of the bloc's Digital Services Act, an online governance and algorithmic accountability rulebook. While other tech giants have complied with the ads transparency provision, Amazon filed a legal challenge and was granted a temporary suspension. However, the Court of Justice of the EU has reversed this decision, stating that the European Commission was denied the chance to comment on Amazon's arguments. This ruling is a win for platform transparency and will force Amazon to be more open about the ads it displays and monetizes.
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