2 ms·

I always wonder what happens with these fines. Does it get absorbed into the EU budget? Does it go to the customers/citizens who were disadvantaged? Or does it

I always wonder what happens with these fines. Does it get absorbed into the EU budget? Does it go to the customers/citizens who were disadvantaged? Or does it go schools or the disadvantaged? Does Apple actually pay or does this end an endless court cases and thereby the fine is absorbed by the lawyers?

Someone 3y ago
Site is paywalled so I couldn’t check what they’re fined about, but https://competition-policy.ec.europa.eu/index/fines_en https://competition-policy.ec.europa.eu/index/fines_en probably applies. It certainly is in line with what I think happens with EU fines. It says: “Fines imposed on undertakings found in breach of EU antitrust rules are paid into the general EU budget. This money is not earmarked for particular expenses, but Member States' contributions to the EU budget for the following year are reduced accordingly. The fines therefore help to finance the EU and reduce the burden for taxpayers.”
- Towaway69 3y ago
  Thank you for the details but it does mean a EU tax payer working at Apple would have a conflict of interest ;) Edit: EU tax payer, not all tax payers.
  - bryanrasmussen 3y ago
    pretty sure taxes will not be decreased, but more projects will become possible.
  - madsbuch 3y ago
    *EU Tax payer I find the thought entertaining that an high ranking EU employee would actively work for initiatives that would elevate fines to their employer. I do think said person would gain more by lobbying for more direct salary than indirect salary shared with more than 300 million other EU citizens.
  - lucianbr 3y ago
    So would a US tax payer. Just he would be incentivised to trigger a US fine on Apple instead of a EU fine. So would a Japanese, or any tax payer, really. How did you come up with the idea that this is EU specific?
    - Towaway69 3y ago
      Because it's the EU doing the fining but of course, a global corporation has global tax payers. The bigger the fines from one country, the less the taxes earned in another. For corps that haven't yet optimised their taxes.
mtmail 3y ago
Yes, part of the overall EU budget under "Other revenue - including taxes from EU staff salaries, bank interest, fines and contributions from third countries" https://en.wikipedia.org/wiki/Budget_of_the_European_Union#Sources_of_income https://en.wikipedia.org/wiki/Budget_of_the_European_Union#S...

Someone 3y ago

Site is paywalled so I couldn’t check what they’re fined about, but https://competition-policy.ec.europa.eu/index/fines_en https://competition-policy.ec.europa.eu/index/fines_en probably applies. It certainly is in line with what I think happens with EU fines. It says: “Fines imposed on undertakings found in breach of EU antitrust rules are paid into the general EU budget. This money is not earmarked for particular expenses, but Member States' contributions to the EU budget for the following year are reduced accordingly. The fines therefore help to finance the EU and reduce the burden for taxpayers.”

Towaway69 3y ago
Thank you for the details but it does mean a EU tax payer working at Apple would have a conflict of interest ;) Edit: EU tax payer, not all tax payers.
- bryanrasmussen 3y ago
  pretty sure taxes will not be decreased, but more projects will become possible.
- madsbuch 3y ago
  *EU Tax payer I find the thought entertaining that an high ranking EU employee would actively work for initiatives that would elevate fines to their employer. I do think said person would gain more by lobbying for more direct salary than indirect salary shared with more than 300 million other EU citizens.
- lucianbr 3y ago
  So would a US tax payer. Just he would be incentivised to trigger a US fine on Apple instead of a EU fine. So would a Japanese, or any tax payer, really. How did you come up with the idea that this is EU specific?
  - Towaway69 3y ago
    Because it's the EU doing the fining but of course, a global corporation has global tax payers. The bigger the fines from one country, the less the taxes earned in another. For corps that haven't yet optimised their taxes.

mtmail 3y ago

Yes, part of the overall EU budget under "Other revenue - including taxes from EU staff salaries, bank interest, fines and contributions from third countries" https://en.wikipedia.org/wiki/Budget_of_the_European_Union#Sources_of_income https://en.wikipedia.org/wiki/Budget_of_the_European_Union#S...