Amazon has been fined $886 million by the European Union.
ByShehryar Makhdoom | Published date:
(Image credit: AP Michel Spingler, File)
The EU has imposed an $886 million fine on Amazon. That's just the way the city is. European regulators have levied a massive 746 million euros ($886 million) fine on Amazon for violating personal data protection laws.
Amazon made public a filing with the Luxembourg National Commission for Data Protection (LNCDP) this past Friday, disclosing that the commission has declared its data-processing practises are not compliant with EU General Data Protection Regulation (GDPR).
In its defence, Amazon announced that it feels the court's ruling is unjustified and will battle to prove it wrong. Amazon has had trouble with the EU in the past.
Authorities in November filed antitrust accusations against Amazon, accusing the corporation of gaining an unfair advantage by utilizing data from the companies that sell products on its marketplace.
At first, the U.S. condemned the EU for targeting American companies. But in recent years, the country has begun treating big tech more harshly, bringing lawsuits against Google in 2017 for engaging in unfair search and advertising practices.
On May 14, a Luxembourg court invalidated an EU judgement declaring that an Amazon tax arrangement constituted illegal state aid.
A more recent European Union initiative to fight corporate tax dodging was pushed back.
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