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Israel will launch an antitrust investigation against Internet giants such as Google Facebook

via:CnBeta     time:2018/1/9 7:01:24     readed:249

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Hollillin also said: "Big Internet companies like Google and Facebook have to comply with Israeli laws, even though they are not registered in Israel."

Hollöring also revealed that the Israeli antitrust bureau will assess whether these Internet giants abuse their market advantages to suppress other competitors in order to achieve the purpose of monopolizing the market.

In this regard, Google and Facebook representatives said they for Israel to provide a platform conducive to the development of the local economy. At the same time, they also complied with the relevant laws and regulations of the state of Israel. Israel Google public policy director Noah Elephant (Noa Elefant) also said: "the root of Israel advertising market problem is not Google"

As in other countries, the traditional media market in Israel also suffered serious digitization challenges, with a significant decline in advertising revenue. Currently, Google and Facebook occupy 80% of Israeli advertising revenue, the size of each year about 436 million to 494 million US dollars.

Hollurry predicts that the Israeli antitrust monies investigation of these Internet giants will be completed this year.

In November last year, Israel's Revenue Agency also joined the ranks of the EU and other countries, plans to impose more taxes on Internet giants. After many multinational corporations exposed the tax evasion scandal, levying more corporate taxes on these companies became a hot topic for all countries.

Facebook said on December last year. Will no longer transfer advertising revenue in Israel through the Dublin International headquarters. Facebook's head of Israeli Policy and Public Relations, Jordana Cutler. For revenue from Israel. We will pay taxes in Israel. "

Last December, the Australian government started investigating Internet giants such as Facebook and Google to assess their impact on the Australian media and advertising markets and whether they violated the law on fair play.

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