Apple found in breach of EU competition law over unfair App Store tax policy

Earlier today, the European Commission issued a preliminary view that Apple holds an unfair advantage in the music streaming space over competitors like Spotify. The basis of the finding lies in Apple’s own in-app purchase mechanism which sees Cupertino imposing a 30% tax on competitor’s earning through the App Store. The potential implications for Apple include a fine of 10% of its annual revenue which could add up to €22.3 billion ($27 billion) if the decision is ratified. Our preliminary conclusion: @Apple is in breach of EU competition law. @AppleMusic compete with other music...

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