{"id":643636,"date":"2024-09-11T00:00:00","date_gmt":"2024-09-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/11\/apple-google-lose-ongoing-battles-with-eu-court-with-the-two-set-to-pay-bns-in-eur-in-fines-taxes\/"},"modified":"2024-09-11T00:00:00","modified_gmt":"2024-09-11T00:00:00","slug":"apple-google-lose-ongoing-battles-with-eu-court-with-the-two-set-to-pay-bns-in-eur-in-fines-taxes","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/11\/apple-google-lose-ongoing-battles-with-eu-court-with-the-two-set-to-pay-bns-in-eur-in-fines-taxes\/","title":{"rendered":"Apple, Google lose ongoing battles with EU court, with the two set to pay bns in EUR in fines, taxes"},"content":{"rendered":"

In a big day for the EU\u2019s crackdown on Big Tech, both Google and Apple lost their <\/strong>battles with the EU\u2019s Court of Justice<\/strong> \u2014 leaving Apple with a EUR 13 bn tax bill and Google to pay EUR 2.4 bn in fines. <\/p>\n

#1- Apple lost a decade-long battle over its tax setup in Ireland<\/strong> after the court ruled it must pay EUR 13 bn in back taxes, CNBC<\/a> reports. The European Commission first ordered the repayment in 2016, when it accused Apple of receiving illegal tax perks from Ireland for two decades \u2014 a claim Apple denied and contested in court. The tech giant confirmed it will incur a USD 10 bn one-time tax charge by the end of its fourth fiscal quarter on 28 September 2024 in a filing<\/a> yesterday.<\/p>\n

Market reax: <\/strong>The court\u2019s ruling comes on the same day Apple launched its new iPhone, Apple Watch, and AirPods. Shares of the tech giant dipped 1% following the decision.<\/p>\n

Ireland\u2019s government downplayed the case<\/strong>, stating that it \u201cinvolved an issue that is now of historical relevance only,\u201d in a statement<\/a>.<\/p>\n

Meanwhile, Apple stood its ground<\/strong> that it had paid all the taxes it owed, with a spokesperson quoted as saying that \u201cthis case has never been about how much tax we pay, but which government we are required to pay it to,\u201d and that the European Commission is \u201ctrying to retroactively change the rules and ignore that, as required by international tax law, our income was already subject to taxes in the US.\u201d<\/p>\n

#2- The EU court also upheld a EUR 2.4 bn antitrust fine for Google parent Alphabet <\/strong>in a case that has been ongoing for seven years, that aimed to crack down on Google\u2019s use of its search engine to rank its own product listings higher. <\/p>\n

The two cases highlight the ongoing friction between US tech firms and the EU, <\/strong>which has pushed for stronger regulations on everything from data protection to taxes and antitrust issues. Recently, Apple also faced a EUR 1.8 bn fine<\/a> for antitrust violations related to music streaming apps and is being scrutinized<\/a> under the EU\u2019s Digital Markets Act due to its app store squeezing out rival marketplaces.<\/p>\n

ALSO WORTH KNOWING- <\/strong>Oman\u2019s state energy firm OQ<\/a> is looking to offer 25% of its exploration and production unit in a USD 2 bn IPO, in what would be the GCC's biggest IPO in 2024. (Bloomberg<\/a>). <\/p>\n

\n

THE MARKETS THIS MORNING- <\/p>\n

It\u2019s red as far as the eyes can see among Asian markets<\/strong>, as traders assess economic data \u2014 including unemployment figures and business sentiment gauges \u2014 from Japan and South Korea. South Korea\u2019s small-cap Kosdaq fell 1.6%, while Japan\u2019s Nikkei is down 0.7% and Topix is down 0.8%. Meanwhile, Wall Street futures are little changed<\/strong> as traders await the US\u2019 August inflation report. <\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

<\/use><\/svg><\/p>\n<\/td>\n\n

EGX30<\/strong><\/p>\n<\/td>\n

\n

30,104<\/p>\n<\/td>\n

\n

-0.9% (YTD: +20.9%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

USD (CBE)<\/strong><\/p>\n<\/td>\n

\n

Buy 48.29<\/p>\n<\/td>\n

\n

Sell 48.42<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

USD (CIB<\/strong>)<\/strong><\/p>\n<\/td>\n

\n

Buy 48.31<\/p>\n<\/td>\n

\n

Sell 48.41<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Interest rates (CBE)<\/strong><\/p>\n<\/td>\n

\n

27.25% deposit<\/p>\n<\/td>\n

\n

28.25% lending<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Tadawul<\/strong><\/p>\n<\/td>\n

\n

11,987<\/p>\n<\/td>\n

\n

+0.2% (YTD: +0.2%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

ADX<\/strong><\/p>\n<\/td>\n

\n

9,402<\/p>\n<\/td>\n

\n

+0.5% (YTD: -1.8%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

DFM<\/strong><\/p>\n<\/td>\n

\n

4,387<\/p>\n<\/td>\n

\n

+0.7% (YTD: +8.1%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

S&P 500<\/strong><\/p>\n<\/td>\n

\n

5,496<\/p>\n<\/td>\n

\n

+0.5% (YTD: +15.2%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

FTSE 100<\/strong><\/p>\n<\/td>\n

\n

8,206<\/p>\n<\/td>\n

\n

-0.8% (YTD: +6.1%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Euro Stoxx 50<\/strong><\/p>\n<\/td>\n

\n

4,747<\/p>\n<\/td>\n

\n

-0.7% (YTD: +5.0%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Brent crude<\/strong><\/p>\n<\/td>\n

\n

USD 69.67<\/p>\n<\/td>\n

\n

-3.0%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Natural gas (Nymex)<\/strong><\/p>\n<\/td>\n

\n

USD 2.23<\/p>\n<\/td>\n

\n

+2.9%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Gold<\/strong><\/p>\n<\/td>\n

\n

USD 2,545.90<\/p>\n<\/td>\n

\n

+0.5%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

BTC<\/strong><\/p>\n<\/td>\n

\n

USD 57,708.20<\/p>\n<\/td>\n

\n

+1.2% (YTD: +36.1%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

\n

THE CLOSING BELL-<\/p>\n

The EGX30 fell 0.9% at yesterday\u2019s close<\/strong> on turnover of EGP 3.8 bn (2.7% below the 90-day average). Local investors were the sole net sellers. The index is up 20.9% YTD.<\/p>\n

In the green:<\/strong> EK Holding -USD (3.0%), Edita (+2.5%), and Telecom Egypt (+2.4%).<\/p>\n

In the red:<\/strong> Ezz Steel (-4.5%), ADIB (-3.6%), and Palm Hills Developments (-2.9%).<\/p>\n

\n

CORPORATE ACTIONS-<\/p>\n

E-finance <\/strong>plans <\/strong>to pay a dividend of EGP 0.197 per share<\/strong> on its 1H 2024 earnings, the company said in an EGX disclosure (pdf)<\/a>. The move will be presented in the upcoming annual general assembly. <\/p>\n","protected":false},"excerpt":{"rendered":"

Apple will incur a USD 10 bn one-time tax charge<\/p>\n","protected":false},"author":1,"featured_media":643637,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7210],"tags":[184,72,119,1143,1683,122],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-643636","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-planet-finance","tag-apple","tag-enterpriseam","tag-financial-markets","tag-google","tag-ireland","tag-planet-finance","wpautop","entry"],"acf":{"mongo_id":"ad03e1cc-f8ca-41e5-a1ca-f2d2e9bec88e","order":"13","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/835.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Apple, Google lose ongoing battles with EU court, with the two set to pay bns in EUR in fines, taxes","related_issue":[643613],"teaser":"Apple will incur a USD 10 bn one-time tax charge","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.b6f97645-5366-4254-beed-5cb878631d62.mp3"},"yoast_head":"\nApple, Google lose ongoing battles with EU court, with the two set to pay bns in EUR in fines, taxes - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/11\/apple-google-lose-ongoing-battles-with-eu-court-with-the-two-set-to-pay-bns-in-eur-in-fines-taxes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apple, Google lose ongoing battles with EU court, with the two set to pay bns in EUR in fines, taxes\" \/>\n<meta property=\"og:description\" content=\"Apple will incur a USD 10 bn one-time tax charge\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/11\/apple-google-lose-ongoing-battles-with-eu-court-with-the-two-set-to-pay-bns-in-eur-in-fines-taxes\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-11T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/835.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/11\/apple-google-lose-ongoing-battles-with-eu-court-with-the-two-set-to-pay-bns-in-eur-in-fines-taxes\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/11\/apple-google-lose-ongoing-battles-with-eu-court-with-the-two-set-to-pay-bns-in-eur-in-fines-taxes\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Apple, Google lose ongoing battles with EU court, with the two set to pay bns in EUR in fines, taxes\",\"datePublished\":\"2024-09-11T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/11\/apple-google-lose-ongoing-battles-with-eu-court-with-the-two-set-to-pay-bns-in-eur-in-fines-taxes\/\"},\"wordCount\":615,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/11\/apple-google-lose-ongoing-battles-with-eu-court-with-the-two-set-to-pay-bns-in-eur-in-fines-taxes\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/835.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Apple\",\"EnterpriseAM\",\"Financial Markets\",\"Google\",\"Ireland\",\"Planet Finance\"],\"articleSection\":[\"PLANET FINANCE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/11\/apple-google-lose-ongoing-battles-with-eu-court-with-the-two-set-to-pay-bns-in-eur-in-fines-taxes\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/11\/apple-google-lose-ongoing-battles-with-eu-court-with-the-two-set-to-pay-bns-in-eur-in-fines-taxes\/\",\"name\":\"Apple, Google lose ongoing battles with EU court, with the two set to pay bns in EUR in fines, taxes - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/11\/apple-google-lose-ongoing-battles-with-eu-court-with-the-two-set-to-pay-bns-in-eur-in-fines-taxes\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/11\/apple-google-lose-ongoing-battles-with-eu-court-with-the-two-set-to-pay-bns-in-eur-in-fines-taxes\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/835.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-09-11T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/11\/apple-google-lose-ongoing-battles-with-eu-court-with-the-two-set-to-pay-bns-in-eur-in-fines-taxes\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/11\/apple-google-lose-ongoing-battles-with-eu-court-with-the-two-set-to-pay-bns-in-eur-in-fines-taxes\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/11\/apple-google-lose-ongoing-battles-with-eu-court-with-the-two-set-to-pay-bns-in-eur-in-fines-taxes\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/835.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/835.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/11\/apple-google-lose-ongoing-battles-with-eu-court-with-the-two-set-to-pay-bns-in-eur-in-fines-taxes\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Apple, Google lose ongoing battles with EU court, with the two set to pay bns in EUR in fines, taxes\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Apple, Google lose ongoing battles with EU court, with the two set to pay bns in EUR in fines, taxes - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/11\/apple-google-lose-ongoing-battles-with-eu-court-with-the-two-set-to-pay-bns-in-eur-in-fines-taxes\/","og_locale":"en_US","og_type":"article","og_title":"Apple, Google lose ongoing battles with EU court, with the two set to pay bns in EUR in fines, taxes","og_description":"Apple will incur a USD 10 bn one-time tax charge","og_url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/11\/apple-google-lose-ongoing-battles-with-eu-court-with-the-two-set-to-pay-bns-in-eur-in-fines-taxes\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2024-09-11T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/835.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/11\/apple-google-lose-ongoing-battles-with-eu-court-with-the-two-set-to-pay-bns-in-eur-in-fines-taxes\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/11\/apple-google-lose-ongoing-battles-with-eu-court-with-the-two-set-to-pay-bns-in-eur-in-fines-taxes\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Apple, Google lose ongoing battles with EU court, with the two set to pay bns in EUR in fines, taxes","datePublished":"2024-09-11T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/11\/apple-google-lose-ongoing-battles-with-eu-court-with-the-two-set-to-pay-bns-in-eur-in-fines-taxes\/"},"wordCount":615,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/11\/apple-google-lose-ongoing-battles-with-eu-court-with-the-two-set-to-pay-bns-in-eur-in-fines-taxes\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/835.jpg?fit=%2C&ssl=1","keywords":["Apple","EnterpriseAM","Financial Markets","Google","Ireland","Planet Finance"],"articleSection":["PLANET FINANCE"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/11\/apple-google-lose-ongoing-battles-with-eu-court-with-the-two-set-to-pay-bns-in-eur-in-fines-taxes\/","url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/11\/apple-google-lose-ongoing-battles-with-eu-court-with-the-two-set-to-pay-bns-in-eur-in-fines-taxes\/","name":"Apple, Google lose ongoing battles with EU court, with the two set to pay bns in EUR in fines, taxes - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/11\/apple-google-lose-ongoing-battles-with-eu-court-with-the-two-set-to-pay-bns-in-eur-in-fines-taxes\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/11\/apple-google-lose-ongoing-battles-with-eu-court-with-the-two-set-to-pay-bns-in-eur-in-fines-taxes\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/835.jpg?fit=%2C&ssl=1","datePublished":"2024-09-11T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/11\/apple-google-lose-ongoing-battles-with-eu-court-with-the-two-set-to-pay-bns-in-eur-in-fines-taxes\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2024\/09\/11\/apple-google-lose-ongoing-battles-with-eu-court-with-the-two-set-to-pay-bns-in-eur-in-fines-taxes\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/11\/apple-google-lose-ongoing-battles-with-eu-court-with-the-two-set-to-pay-bns-in-eur-in-fines-taxes\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/835.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/835.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/11\/apple-google-lose-ongoing-battles-with-eu-court-with-the-two-set-to-pay-bns-in-eur-in-fines-taxes\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Apple, Google lose ongoing battles with EU court, with the two set to pay bns in EUR in fines, taxes"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/835.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/835.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/835.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":643766,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/13\/inflation-picks-up-again-after-months-of-decline\/","url_meta":{"origin":643636,"position":0},"title":"Inflation picks up again after months of decline","author":"enterpriseam admin","date":"13 September 2024","format":false,"excerpt":"Good morning, friend, and happy long weekend. We hope you all have a relaxing long weekend with family and friends.LAST WEEK IN 3 MINS-ECONOMY- Inflation accelerates after months of cooling: Annual urban inflation accelerated 0.5 percentage points to 26.2% in August after having fallen to 25.7% \u2014 its lowest level\u2026","rel":"","context":"In "THE WEEK IN REVIEW"","block_context":{"text":"THE WEEK IN REVIEW","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-week-in-review\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/742.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":572996,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/16\/what-were-tracking-on-16-july-2020\/","url_meta":{"origin":643636,"position":1},"title":"What we\u2019re tracking on 16 July 2020","author":"enterpriseam admin","date":"16 July 2020","format":false,"excerpt":"Good morning, ladies and gents, and welcome to what will probably be the final Thursday this month that we arrive in your inbox. Next week we\u2019re being treated to a four-day week courtesy of the 23 July Revolution, with Eid Al Adha likely starting the following Thursday on 30 July.\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":665189,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/google-isnt-sure-where-to-look-for-answers\/","url_meta":{"origin":643636,"position":2},"title":"Google isn\u2019t sure where to look for answers","author":"enterpriseam admin","date":"13 May 2025","format":false,"excerpt":"Losing the AI race isn\u2019t quite the only concern Google has right now. Is time running out for the tech titan?","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1030.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":589998,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/12\/export-subsidies-to-be-paid-out-today-apple-to-start-charging-14-vat-through-egypt-app-store\/","url_meta":{"origin":643636,"position":3},"title":"Export subsidies to be paid out today + Apple to start charging 14% VAT through Egypt App Store","author":"enterpriseam admin","date":"12 July 2023","format":false,"excerpt":"Tax amendments require non-resident service providers like big tech firms to pay VAT","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/454.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":643589,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/10\/govt-is-looking-into-tax-options-to-apply-on-egx-capital-gains\/","url_meta":{"origin":643636,"position":4},"title":"Gov\u2019t is looking into tax options to apply on EGX capital gains","author":"enterpriseam admin","date":"10 September 2024","format":false,"excerpt":"Good afternoon, all. We don\u2019t know about you, but we have already started counting down to the long weekend in observance of Prophet Mohammed\u2019s birthday. THE BIG STORY TODAY- #1- Amendments to the taxation of gains made from EGX transactions? The government is studying a number of tax options to\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/12.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":580253,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/15\/is-wegz-performing-at-the-world-cup-closing-ceremony-microsoft-says-xbox-wont-stamp-out-competition-with-its-activision-acquisition\/","url_meta":{"origin":643636,"position":5},"title":"Is Wegz performing at the World Cup closing ceremony? Microsoft says Xbox won\u2019t stamp out competition with its Activision acquisition","author":"enterpriseam admin","date":"15 December 2022","format":false,"excerpt":"Could Wegz perform at the World Cup closing ceremony? Egyptian rapper Wegz is rumored to be in the planned lineup of performers at the Qatar World Cup closing ceremony, according to Instagram page Hip Hop Scene. Wegz will reportedly perform Ezz Al Arab (watch, runtime: 3:48), which he released as\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/721.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/643636","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=643636"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/643636\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/643613"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/643637"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=643636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=643636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=643636"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=643636"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=643636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}