As EU launches probe into Apple's taxes, Intel slapped with record $1.4B anti-competition fine

2»

Comments

  • Reply 21 of 35
    jbcarojbcaro Posts: 47member
    Quote:

    Originally Posted by singularity View Post





    No they are just taking money for those "big tech companies" for breaking EU law. As the budget for 2014 is over 13 billion dollars it would take quite a few more fines to fund it.

    About 1/13th of their annual budget, so not that many more fines. Seems like they are funding themselves to me.

     

    Anyway, if these tech companies were hurting the consumers, how much of these fines are going back to the consumers that were 'harmed'. Not much if any I think.

  • Reply 22 of 35
    singularitysingularity Posts: 1,329member
    jbcaro wrote: »
    <div class="quote-container" data-huddler-embed="/t/180624/as-eu-launches-probe-into-apples-taxes-intel-slapped-with-record-1-4b-anti-competition-fine#post_2549790" data-huddler-embed-placeholder="false">Quote:<div class="quote-block">Originally Posted by <strong>singularity</strong> <a href="/t/180624/as-eu-launches-probe-into-apples-taxes-intel-slapped-with-record-1-4b-anti-competition-fine#post_2549790"><img alt="View Post" src="/img/forum/go_quote.gif" /></a><br /><br /><br />No they are just taking money for those "big tech companies" for breaking EU law. As the budget for 2014 is over 13 billion dollars it would take quite a few more fines to fund it.</div></div><p>About 1/13th of their annual budget, so not that many more fines. Seems like they are funding themselves to me.</p><p> </p><p>Anyway, if these tech companies were hurting the consumers, how much of these fines are going back to the consumers that were 'harmed'. Not much if any I think.</p>
    oops sorry it's 193 billion dollars. My mistake bad typing.
    As for where the money goes for these fines it's the same worldwide ... never to the people they harmed.
  • Reply 23 of 35
    crowleycrowley Posts: 5,799member
    How could you possibly measure the harm Intel caused to individual consumers? It just isn't in any way practical. Weird criticism.
  • Reply 24 of 35
    bigmikebigmike Posts: 252member
    It's not an excessive fine. It's in proportion to what they supposedly owe. Apple needs to pay their full taxes, too. Besides, big companies already get big tax breaks, the normal working people don't. All for the cash.
  • Reply 25 of 35
    tallest skiltallest skil Posts: 43,399member
    Originally Posted by bigmike View Post

    Apple needs to pay their full taxes, too.

     

    Yeah, see, they do. 

  • Reply 26 of 35
    maestro64maestro64 Posts: 4,527member

    Another way for the EU to solve their financial issues. 

  • Reply 27 of 35
    crowleycrowley Posts: 5,799member
    Yeah, see, they do. 
    Depending on your definition of "full taxes", of course.
  • Reply 28 of 35
    dysamoriadysamoria Posts: 2,062member
    Good. All these corporations need to be reeled in a lot. They should be contributing to societies, not consuming them.
  • Reply 29 of 35
    Hmm... I read and re-read the prosecution and still cannot see the notable point to raise anti-competitive claims. i mean isn't intel's strategy mentioned here used by every company trying to push more products? Isn't straightforward strategy to offer more discount for buying more pieces? Also paying for stockpiling computers is illegal or Intel should have paid to stockpile also AMD? I get the essence of intel trying to dominate the market with discounts and fancy "eases for payment" and not competing only on superior tech but is this really illegal? Isn't it happen as well everywhere even in the local supermarket's shelves? Then what? "contra revenue" and every discount based on units sold should be illegal in the same sense...

    Also if all this is legal/illegal in EU shouldn't it be also in US and vice versa? Why this was raised only in EU? BS law EU stuff wanting to grab some money ...
  • Reply 30 of 35
    chris_cachris_ca Posts: 2,543member
    Quote:

    Originally Posted by AppleInsider View Post



    but according to Reuters Europe's second highest court found that the regulators were within their rights to hit the company with a 1.06-billion-euro loss.

    A fine is not a "'loss".

    It is a fine.

  • Reply 31 of 35
    rayzrayz Posts: 814member
    Quote:
    Originally Posted by Crowley View Post





    Depending on your definition of "full taxes", of course.

     

    Well, my definition of full taxes is the full amount of tax they are legally required to pay. If they pay a cent more then they should fire their finance director.

  • Reply 32 of 35
    crowleycrowley Posts: 5,799member

    A cent?  Really?  I think you might have trouble retaining CFOs with that kind of KPI.

  • Reply 33 of 35

    This is a good fine. The sooner Apple lessen their dependency on Intel, the better.

  • Reply 34 of 35
    tallest skiltallest skil Posts: 43,399member
    Originally Posted by Crowley View Post

    Depending on your definition of "full taxes", of course.

     

    Not really. It means the same thing everywhere, regardless of the scale.

     

    Originally Posted by Crowley View Post

    A cent?  Really?  I think you might have trouble retaining CFOs with that kind of KPI.

     

    There’s a good quote for this:

     

    One of the most ridiculous defenses of [financial looseness] is that it is a very small part of our [corporate] income. If the average [business] set fire to a five-dollar bill, it would be an even smaller percentage of [its] annual income. But everyone would consider [them] foolish for doing it.


  • Reply 35 of 35
    lukeilukei Posts: 332member
    Didn't realize AMD was still a threat. Perhaps they'll be distracted by AMD and miss the ARM coming after them.

    AMD is an ARM licensee.

    Given the long term damage done to AMD by these actions I wonder how much of the fine will go to them...actually I don't. It will all go into EU gravy boat
Sign In or Register to comment.