India Defends Global Turnover Antitrust Rule as Apple Challenges Multibillion-Dollar Fine
India is pressing ahead with a controversial competition law that allows regulators to calculate penalties based on a company’s worldwide revenue, a move that could significantly raise the financial stakes for major technology firms operating in the country. According to MSN, the Competition Commission of India (CCI) has argued in a Delhi court that the so-called “Global Turnover” rule is essential to ensure that antitrust penalties have real impact on large multinational corporations.
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