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WSJ Tech News Briefing

TNB Tech Minute: Apple Ordered to Pay $14 Billion Irish Tax Bill

WSJ Tech News Briefing

The Wall Street Journal

Tech News, News

4.31.7K Ratings

🗓️ 10 September 2024

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus, EU upholds $2.7 billion antitrust fine against Google over search results. And Sony announces a beefed up version of PlayStation 5 for the holiday season. Zoe Thomas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Here's your TnB Tech Minute for Tuesday, September 10th.

0:05.0

I'm Zoe Thomas for the Wall Street Journal.

0:08.0

Apple and Google have both lost efforts to overturn multi-billion dollar rulings against them in the European Union.

0:15.6

It marks a win for the bloc's regulators who are trying to rein in alleged abuses by Big

0:20.4

Tech.

0:21.4

The EU's highest court upheld an order for Ireland to recoup taxes from

0:25.9

Apple, up to 14.4 billion dollars plus interest. The decision stemmed from a 2016 order from the European Commission at the EU's executive arm.

0:36.8

The Commission said Ireland had violated EU state aid rules by allowing Apple to pay substantially less tax than it owed.

0:45.0

Both Apple and the Irish government appealed that decision.

0:49.0

The EU competition chief called the ruling a quote big win for European citizens.

0:54.0

Apple said it was disappointed with the decision and that it always pays all the taxes it owes.

1:00.0

Meanwhile, the EU's top court upheld an antitrust fine against Google over how its comparison

1:06.4

shopping service fares in search results.

1:09.4

The alphabet-owned company was ordered to pay $2.7 billion.

1:14.0

The service, formerly known as Google Shopping, allows consumers to compare products and prices

1:19.7

and find deals from online retailers. But in 2017 the European Commission

1:24.9

said Google abused its position in the market by promoting the service in

1:29.0

search results and demoting those of competitors. And Sony says it will launch a new version of its PlayStation 5 console for the holiday

1:37.4

shopping season.

1:38.8

The PS5 Pro offers faster rendering enhanced details and other upgrades from the original that

1:44.7

debuted in 2020.

1:46.7

Sony says it will launch in November for around $700.

...

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