Margrethe Vestager the right person for top EU job, politician says
Luis Garicano, vice president of the ALDE, says Margrethe Vestager is the right person for top EU job, EU Commission President. CNBC International TV video above published on May 29, 2019.
Danish Prime Minister Lars Løkke Rasmussen has given a strong signal that Denmark would push for EU Competition Commissioner Margrethe Vestager to take the EU's top job. Rasmussen, who was previously a political rival of Vestager, described her as "the best candidate" to succeed Commission President Jean-Claude Juncker, ahead of an informal summit of EU leaders on Tuesday.
Merkel and Macron clash over the EU’s future leadership
Financial Times (ft.com) video above published May 28, 2019: Angela Merkel has made an impassioned defence of Manfred Weber, the German candidate to head the European Commission, shielding him from attacks from French president Emmanuel Macron that exposed divisions over the EU’s future leadership.
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Showing posts with label Vestager. Show all posts
Showing posts with label Vestager. Show all posts
2019-05-16
Regulating Big Tech: Facebook, Amazon, Apple, Google (video)
Regulating Big Tech
Calls to curb the power of big technology companies like Facebook $FB, Amazon $AMZN, Apple $AAPL, and Google $GOOG, $GOOGL, and protect personal data are growing louder. The FT explains some issues it thinks are reshaping the companies that dominate our daily lives. Financial Times (ft.com) video above published May 7, 2019.
Issues highlighted in the video: harmful content, election integrity, privacy, transparency, taxation, lack of competition (antitrust).
Calls to curb the power of big technology companies like Facebook $FB, Amazon $AMZN, Apple $AAPL, and Google $GOOG, $GOOGL, and protect personal data are growing louder. The FT explains some issues it thinks are reshaping the companies that dominate our daily lives. Financial Times (ft.com) video above published May 7, 2019.
Issues highlighted in the video: harmful content, election integrity, privacy, transparency, taxation, lack of competition (antitrust).
Key player: Margrethe Vestager, "European Commissioner for Competition. Part of Team Europe."Europe has made big strides in regulating big tech companies. Margrethe Vestager (@vestager), the EU's top law enforcer of competition law, talks with @MarcoWerman about how privacy and anti-trust regulation works in Europe. https://t.co/5Lj8ciBtDd pic.twitter.com/iaaJMtk5w1— PRI's The World (@pritheworld) March 28, 2019
Tweets by EU_CompetitionGreat to be in Washington. Looking forward to the @abaantitrust #atspring Enforcers Roundtable tomorrow @makandelrahim @JoeSimonsFTC Alejandra @cofecemx Rodney @acccgovau Sarah Oxenham Allen pic.twitter.com/LG2RwjFVhI— Margrethe Vestager (@vestager) March 28, 2019
2019-03-21
Google $GOOGL $GOOG Hit With $1.7 Billion EU Antitrust Fine (video)
EU fines Google $1.7 billion for breaking antitrust rules
March 20, 2019: European Competition Commissioner Margrethe Vestager says Google abused its dominance to prevent the growth of its advertising rivals.
Google has engaged in 'very abusive practices,' EU Commissioner says
European Competition Commissioner Margrethe Vestager speaks to CNBC's Silvia Amaro after the EU fined Google $1.7 billion for breaching antitrust rules.
In Google's filing with the U.S. Securities and Exchange Commission Wednesday morning, Alphabet Inc. (NASDAQ: GOOGL) stated it would take a €1.49 billion ($1.7 billion) charge in Q1 2019 to pay the European Commission (EC) fine levied for infringement of “European competition law.” The total amount of EC fines against Google now total $9.32 billion.. In June of 2017, Google was fined for $2.7 billion for illegal comparison shopping services and then again for $5.0 billion in July 2018 for illegal practices related to its Android mobile operating system, mobile apps and services.
March 20, 2019: European Competition Commissioner Margrethe Vestager says Google abused its dominance to prevent the growth of its advertising rivals.
Google has engaged in 'very abusive practices,' EU Commissioner says
European Competition Commissioner Margrethe Vestager speaks to CNBC's Silvia Amaro after the EU fined Google $1.7 billion for breaching antitrust rules.
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Tweets by EU_CompetitionThe third @Google case: @Google is fined €1,49bn for illegal practices in search advertising brokering to cement its dominant market position. They shouldn’t do that - it denied consumers choice, innovative products and fair prices.— Margrethe Vestager (@vestager) March 20, 2019
2016-08-31
EU Nixes Apple's $AAPL $14.5B+ Tax Avoidance Scheme in Ireland (video)
EU action over Apple tax explained:
The European Commission has hit Apple with a record-breaking tax penalty of up to €13bn after finding the US tech group enjoyed a quarter of a century of illegal state support from Ireland that distorted competition in Europe. FT.com explains the dispute.
European Commission - State aid: Ireland gave illegal tax benefits to Apple worth up to €13 billion | europa.eu 30 August 2016: "The European Commission has concluded that Ireland granted undue tax benefits of up to €13 billion to Apple. This is illegal under EU state aid rules, because it allowed Apple to pay substantially less tax than other businesses. Ireland must now recover the illegal aid. Commissioner Margrethe Vestager, in charge of competition policy, said: "Member States cannot give tax benefits to selected companies – this is illegal under EU state aid rules. The Commission's investigation concluded that Ireland granted illegal tax benefits to Apple, which enabled it to pay substantially less tax than other businesses over many years. In fact, this selective treatment allowed Apple to pay an effective corporate tax rate of 1 per cent on its European profits in 2003 down to 0.005 per cent in 2014."..."
Vestager said under the tax avoidance scheme Apple was allowed to allocate almost all sales profits to a head office that “only existed on paper.” She said this head office “has no employees, it has no premises, and it has no real activities ... [and] was subject to no tax in Ireland or elsewhere.”
Customer Letter - Apple (IE) | apple.com: "... The Commission’s move is unprecedented and it has serious, wide-reaching implications. It is effectively proposing to replace Irish tax laws with a view of what the Commission thinks the law should have been. This would strike a devastating blow to the sovereignty of EU member states over their own tax matters, and to the principle of certainty of law in Europe. Ireland has said they plan to appeal the Commission’s ruling and Apple will do the same. We are confident that the Commission’s order will be reversed ..."--Tim Cook, Apple Inc.
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The European Commission has hit Apple with a record-breaking tax penalty of up to €13bn after finding the US tech group enjoyed a quarter of a century of illegal state support from Ireland that distorted competition in Europe. FT.com explains the dispute.
European Commission - State aid: Ireland gave illegal tax benefits to Apple worth up to €13 billion | europa.eu 30 August 2016: "The European Commission has concluded that Ireland granted undue tax benefits of up to €13 billion to Apple. This is illegal under EU state aid rules, because it allowed Apple to pay substantially less tax than other businesses. Ireland must now recover the illegal aid. Commissioner Margrethe Vestager, in charge of competition policy, said: "Member States cannot give tax benefits to selected companies – this is illegal under EU state aid rules. The Commission's investigation concluded that Ireland granted illegal tax benefits to Apple, which enabled it to pay substantially less tax than other businesses over many years. In fact, this selective treatment allowed Apple to pay an effective corporate tax rate of 1 per cent on its European profits in 2003 down to 0.005 per cent in 2014."..."
Vestager said under the tax avoidance scheme Apple was allowed to allocate almost all sales profits to a head office that “only existed on paper.” She said this head office “has no employees, it has no premises, and it has no real activities ... [and] was subject to no tax in Ireland or elsewhere.”
Customer Letter - Apple (IE) | apple.com: "... The Commission’s move is unprecedented and it has serious, wide-reaching implications. It is effectively proposing to replace Irish tax laws with a view of what the Commission thinks the law should have been. This would strike a devastating blow to the sovereignty of EU member states over their own tax matters, and to the principle of certainty of law in Europe. Ireland has said they plan to appeal the Commission’s ruling and Apple will do the same. We are confident that the Commission’s order will be reversed ..."--Tim Cook, Apple Inc.
See also:
- Apple’s $14.5 Billion EU Tax Ruling: What You Need to Know | Bloomberg.com
- Apple ordered to pay up to €13bn after EU rules Ireland broke state aid laws | TheGuardian.com
- Apple Finds Out It Took the Tax Game Too Far | Bloomberg.com
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