Ireland is heavily reliant on the multinational sector for growth and is vulnerable to external shocks, such as adverse legal findings against the giant US company
The Apple logo: the European Commission has accused the company of breaching its Digital Markets Act through stifling competition in its app store. The European Commission is poised for another bruising encounter with Apple, the giant technology company, that could have important implications for Ireland.of breaching its Digital Markets Act through stifling competition in its app store. It has launched a separate investigation into Apple’s developer fees.
The alleged breach of the DMA does not directly involve Ireland but it could have significant indirect consequences. If the case goes against it, Apple could face a fine of up to 10 per cent of global revenues. If Apple continues to breach DMA rules, the fine can rise to 20 per cent of revenues.Darragh Ó Sé: Micheál Ó Muircheartaigh was interested in everyone and had no egoIf the commission prevails in this legal dispute, it could have consequences for Apple’s EU operations.
It is important to note that the rationale for the commission’s move against Apple is that it wants to encourage competition and innovation in the tech sector and break the stranglehold of large tech companies. This, it argues, will stimulate growth among indigenous EU tech companies. Ireland is heavily reliant on the multinational sector for growth and tax and so the economy is vulnerable to external shocks, such as adverse legal findings against Apple. The case is a timely reminder of these risks and of the need to develop a domestic corporate sector that can cushion against any downturn in multinational activity.
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