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

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…