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Comment: Big Tech faces game-changing Indian penalties based on global turnover

By Freny Patel ( March 12, 2024, 03:44 GMT | Comment) -- Apple, Amazon, Meta and Alphabet's Google — some of the tech companies currently being scrutinized by the Indian antitrust watchdog — may face penalties based on their global revenue, after the Competition Commission of India changed the rules, effective March 7. However, some antitrust lawyers have raised concerns about certain provisions, suggesting the government's goal of promoting ease of doing business and reducing the burden on the regulator may not be achieved without some changes. Tech giants including Apple, Amazon, Google and Meta are facing a daunting prospect in India: penalties based on global turnover. The decision by the country’s competition watchdog to modify regulation, scrapping the national-turnover criteria previously employed, amounts to a significant change in the regulatory landscape....

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