Irish judge says Google's €2.4bn fine is like loose change

Pedro Gonçalves
clock • 2 min read

Google and the EU battled in court as the search engine giant is appealing a €2.4bn ($2.6bn) fine from 2017 for ill-treating rivals of its Shopping service. Colm Mac Eochaidh, one of the five judges weighing the Silicon Valley juggernaut's appeal,  described the €2.4bn EU penalty levied as "a small amount of cash" to the search engine giant. Mac Eochaidh urged Google's lawyer to imagine he had savings of €120 in his back pocket but was fined €2.4 for dropping some litter. "Would you miss the €2.4?" the judge asked on day three of hearings at the EU's General Court in Luxembourg.  A...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login

More on Taxation