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.
<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.
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.
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 ...
but according toReuters Europe's second highest court found that the regulators were within their rights to hit the company with a 1.06-billion-euro loss.
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.
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
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.
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
Comments
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.
As for where the money goes for these fines it's the same worldwide ... never to the people they harmed.
Yeah, see, they do.
Another way for the EU to solve their financial issues.
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 ...
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.
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.
A cent? Really? I think you might have trouble retaining CFOs with that kind of KPI.
This is a good fine. The sooner Apple lessen their dependency on Intel, the better.
Not really. It means the same thing everywhere, regardless of the scale.
There’s a good quote for this:
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