After the European Commission forced Apple to open up iOS for third-party app stores in the EU, it seems like other countries are investigating Apple over antitrust and monopolistic practices. Most recently, news broke that Japan is looking to significantly increase fines for big corporations that engage in monopolistic practices.
The current law in Japan suggests a penalty of 6% of sales, but policy makers are looking to increase that to 20%. A subsequent future failure to comply with the law will result in a fine of 30% of sales.
Japan signaled a coming change back in December 2023…
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