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Fortune

Prarthana Prakash, AFP

The EU issues fines to Google and Apple worth €15.4 billion

European Union Google Apple Meta United States Alphabet Kenzo Tribouillard Margrethe Vestager Brussels European Commission

Customers queue to purchase iPhone 15 handsets at the Apple Store (Credit: Leon Neal—Getty Images)

U.S. tech juggernauts are no longer Europe’s sweethearts. On Tuesday, a top EU court ruled that Apple must pay Ireland €13 billion in taxes. Separately, Brussels has fined Google €2.4 billion in a case that kicked off seven years ago, in which the company was seen favoring its shopping search results.

The two rulings deal a blow to the dominance of the tech giants in Europe but mark a key victory for the bloc’s regulators. The EU has scrutinized big tech companies for various reasons, including child safety issues at Facebook parent Meta.

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