Google’s latest quarterly filing shows something that would have sounded fake a few years ago. The company now tracks “European Commission fines” as a standard Google’s latest quarterly filing shows something that would have sounded fake a few years ago. The company now tracks “European Commission fines” as a standard

Google now lists $10.5B in EU fines as a regular expense in its reports

Google’s latest quarterly filing shows something that would have sounded fake a few years ago. The company now tracks “European Commission fines” as a standard expense.

The total reached $10.5 billion by September 30. This shows how penalties from the EU have become routine for the largest U.S. tech firms operating in Europe.

In 2024, public technology companies based in Europe paid €3.2 billion in income tax. During the same year, regulators collected €3.8 billion in fines from U.S. technology firms. That means penalties alone exceeded the entire tax contribution of the listed European tech companies.

Officials inside the bloc privately acknowledge that if SAP relocated operations to the United States, nearly half of that tax base would disappear, leaving fines as a growing revenue stream for the EU.

EU regulators stack fines on Google across ads, Android, and AI

The European Commission first fined Google €2.95 billion for adtech abuses tied to self-preferencing and conflicts inside its advertising supply chain.

Regulators ordered the company to stop favoring its own ad services and restructure how it handles auctions and placement tools across Europe.

Earlier rulings targeted mobile dominance. The Commission issued a €4.34 billion fine over illegal Android practices that forced device makers to pre-install Google Search and Chrome. Officials said those deals locked out rivals before users ever turned on their phones. Enforcement did not stop there.

In December 2025, regulators opened a fresh investigation into whether Google uses publisher content and YouTube material to train its AI Overviews without fair payment. The probe focuses on whether that conduct harms competitors while boosting Google’s AI products inside the EU.

EU laws pull Washington into a widening political clash

Meanwhile, President Donald Trump has accused Brussels of targeting U.S. firms while allowing European companies to operate freely in America. His administration has warned of retaliation if enforcement continues. The U.S. State Department said this week it would deny visas to a former European commissioner and four others, stating they “have advanced censorship crackdowns by foreign states, in each case targeting American speakers and American companies.”

Tensions escalated after the launch of the Digital Services Act, which apparently governs content moderation on social platforms, per the Commission’s notice.

Shortly after, the Office of the U.S. Trade Representative accused the EU and several member states of pushing “discriminatory and harassing lawsuits, taxes, fines and directives” against U.S. service providers while firms like Accenture, DHL, Siemens, and Spotify operate without similar barriers in the United States.

Elon Musk’s platform X received the first fine under the DSA on December 5, totaling €120 million, or about $140 million, for design practices tied to the blue check system and allegedly blocking researcher access to public data, according to the EU.

Alongside the DSA, the Digital Markets Act now governs competition. Seven gatekeepers fall under its scope: Alphabet, Amazon, Apple, ByteDance, Microsoft, Meta, and Booking.com.

The DSA law strictly bans any forced use of pre-installed services, and it also requires an open App store choice from Apple, along with mandates on messaging interoperability. Apple had to pay €500 million in April for blocking alternative payments, while Meta paid €200 million for data use violations tied to Facebook and Instagram.

European Commission president Urusula von der Lyn warned that repeat breaches from these companies will lead to penalties reaching 20% of global turnover.

Get $50 free to trade crypto when you sign up to Bybit now

Market Opportunity
Nowchain Logo
Nowchain Price(NOW)
$0.00144
$0.00144$0.00144
-5.88%
USD
Nowchain (NOW) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Will US Banks Soon Accept Stablecoin Interest?

Will US Banks Soon Accept Stablecoin Interest?

The post Will US Banks Soon Accept Stablecoin Interest? appeared on BitcoinEthereumNews.com. Coinbase CEO Brian Armstrong predicts US banks will reverse their stance
Share
BitcoinEthereumNews2025/12/27 22:36
Bitcoin Mining Crash: Bitmain Slashes Hardware Costs To Stay Afloat

Bitcoin Mining Crash: Bitmain Slashes Hardware Costs To Stay Afloat

Based on reports from industry outlets and internal pricing lists, Bitmain has sharply reduced the asking prices for several of its Bitcoin ASIC models, a move
Share
Bitcoinist2025/12/27 21:00
BlackRock boosts AI and US equity exposure in $185 billion models

BlackRock boosts AI and US equity exposure in $185 billion models

The post BlackRock boosts AI and US equity exposure in $185 billion models appeared on BitcoinEthereumNews.com. BlackRock is steering $185 billion worth of model portfolios deeper into US stocks and artificial intelligence. The decision came this week as the asset manager adjusted its entire model suite, increasing its equity allocation and dumping exposure to international developed markets. The firm now sits 2% overweight on stocks, after money moved between several of its biggest exchange-traded funds. This wasn’t a slow shuffle. Billions flowed across multiple ETFs on Tuesday as BlackRock executed the realignment. The iShares S&P 100 ETF (OEF) alone brought in $3.4 billion, the largest single-day haul in its history. The iShares Core S&P 500 ETF (IVV) collected $2.3 billion, while the iShares US Equity Factor Rotation Active ETF (DYNF) added nearly $2 billion. The rebalancing triggered swift inflows and outflows that realigned investor exposure on the back of performance data and macroeconomic outlooks. BlackRock raises equities on strong US earnings The model updates come as BlackRock backs the rally in American stocks, fueled by strong earnings and optimism around rate cuts. In an investment letter obtained by Bloomberg, the firm said US companies have delivered 11% earnings growth since the third quarter of 2024. Meanwhile, earnings across other developed markets barely touched 2%. That gap helped push the decision to drop international holdings in favor of American ones. Michael Gates, lead portfolio manager for BlackRock’s Target Allocation ETF model portfolio suite, said the US market is the only one showing consistency in sales growth, profit delivery, and revisions in analyst forecasts. “The US equity market continues to stand alone in terms of earnings delivery, sales growth and sustainable trends in analyst estimates and revisions,” Michael wrote. He added that non-US developed markets lagged far behind, especially when it came to sales. This week’s changes reflect that position. The move was made ahead of the Federal…
Share
BitcoinEthereumNews2025/09/18 01:44