European commission May 16

GOOG: 716.49

5.66
Stock Chart

We had heard that the EU was planning to levy a substantial fine on Google for its alleged favoring of its own services in search over those belonging to competitors last year already, and the Telegraph is reporting that the European Commission is now estimating a hefty €3 billion ($3.4b) tag… expand full story

European commission April 27

GOOG: 705.84

-2.30
Stock Chart

Google seems to be under fire lately. Less than a week from the European Union’s charges against the Mountain View company regarding supposedly unfair practices towards its hardware partners, TIME is reporting that the famous stock photo agency Getty Images is now accusing the technology giant of “promoting piracy” with its Images search engine…

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European commission April 18

GOOG: 766.61

7.61
Stock Chart
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European commission March 28

GOOG: 733.53

-1.77
Stock Chart

TNW reports that the European Commission is pressing ahead with proposals to make Google News pay a fee for linking to news stories on the web. The EC says that as search results include a short excerpt from the piece, and that text is protected by copyright, Google must pay.

Three European countries have tried this, and it failed in all three. In Spain, Google simply decided to close Google News in that country, and news websites lost 10-15% of their traffic overnight. Spanish publishers – who had originally demanded the law – quickly realized their mistake and tried to pass a new law that would somehow force Google to return …

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European commission February 25

GOOG: 705.75

6.19
Stock Chart

Just one day after the UK’s public spending watchdog described the £130M ($185M) back-tax paid by Google in the country as “disproportionately small,” France is demanding a rather larger sum. Reuters reports that the country’s finance ministry believes Google owes €1.6B ($1.76B).

“As far as our country is concerned, back taxes concerning this company amount to 1.6 billion euros,” the official, who spoke on condition of anonymity, said […]

Earlier this month, Finance Minister Michel Sapin ruled out striking a deal with the U.S. search engine company as the British government recently did, saying the sums at stake in France were “far greater” than those in Britain … 

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European commission February 24

GOOG: 699.56

3.71
Stock Chart

The Public Accounts Committee, the British Parliament’s public spending watchdog, has criticized the £130M ($185M) tax deal Google struck with the UK government as “disproportionately small.” The committee also criticized the secrecy around how the sum was calculated, reports the Guardian.

Google’s controversial tax deal cannot be properly assessed by MPs because of secrecy surrounding the negotiations, according to a report by parliament’s public spending watchdog. But the deal to pay £130m in back taxes for a 10-year period seems “disproportionately small when compared with the size of Google’s business in the UK”, the public accounts committee has found.

A report published today calls for more to be done to prevent “aggressive [tax] avoidance” by multinational companies, with Google accused of hypocrisy …

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