Japan is poised to dramatically increase the penalties for tech giants accused of monopolistic practices like Apple.
New Japanese laws could slap Apple with up to 20% sales penalty
New Japanese laws could slap Apple with up to 20% sales penalty
In an extensive global effort to limit the power of major technology companies, the Japanese government plans to revise its antitrust regulations. The strategy could lead to fines for anti-competitive activities such as unfairly restricting access to app markets, potentially increasing to 20% of pertinent sales.
Similar actions have been undertaken in other regions, including the European Union.
Go Here to Read this Fast! Japan to seek up to 20% fine for monopolistic practices by Apple
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Japan to seek up to 20% fine for monopolistic practices by Apple