How inflation has transformed our dining and tipping habits
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 10 September 2024
⏱️ 8 minutes
🧾️ Download transcript
Summary
The restaurant industry has been through a lot in recent years — hemorrhaging workers during the pandemic and struggling to bring them back; grappling with inflation that’s up and foot traffic that’s down. Then, there’s the transformation of tipping. We’ll check in on some of the latest trends impacting restaurants. Then, U.S. tech giants owe billions in taxes and fines to Europe, and we’ll examine misinformation about illegal voting by non-citizens.
Transcript
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| 0:00.0 | U.S. Tech Giants now owe billions in taxes and fines to Europe. |
| 0:07.0 | From Marketplace, I'm Sabrie Benashore in for David Brancaccio. |
| 0:10.0 | The European Union's highest court just said Apple has to pay a tax bill valued at north of $14 billion. |
| 0:18.0 | It also said Google must pay an antitrust fine of more than $2.5 billion. |
| 0:22.0 | Marketplace's Nova Safo has more. |
| 0:25.2 | The twin rulings from the European Union's top court and years of litigation in landmark |
| 0:30.1 | cases which have been a test of the block's efforts to rein in big tech. |
| 0:35.0 | The Apple case dates back to 2016 when European regulators ordered the company to pay more |
| 0:40.5 | than $14 billion in back taxes to Ireland. A lot of multinationals, including |
| 0:46.6 | tech giants located European operations in Ireland, to take advantage of lower taxes. The country |
| 0:52.1 | has since agreed to change its policies. |
| 0:55.1 | In a statement, Apple said it had never enjoyed a special deal in Ireland. The company |
| 0:59.7 | has argued that its income was already taxed in the US. |
| 1:03.8 | But the EU's High Court said Apple must now pay the $14 billion in back taxes plus interest. |
| 1:10.6 | Alphabet's Google, meanwhile, must pay a more than 2.5 billion dollar fine, first levied in 2017 |
| 1:16.4 | for just one aspect of its business, how it displayed comparison shopping results. |
| 1:21.1 | It's facing billions more in other EU antitrust fines. I'm Nova sophomore |
| 1:26.0 | marketplace. The latest episode of Decoding Democracy, the Marketplace |
| 1:30.1 | Tech Team's series on Misinformation takes on misinformation about |
| 1:34.3 | illegal voting by non-citizens. |
| 1:36.4 | Marketplace's senior Washington correspondent Kimberly Adams spoke with Dr. Danielle Lee |
| 1:40.8 | Thompson, a research manager with the University of Washington Center for an informed public. |
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