Fri, 25 Jun 2021

  • Germany's competition authority said it had opened an inquiry into online retail giant Amazon over potential "anti-competitive practices."
  • Under the amendment to Germany's competition law passed in January, the watchdog said it now has more power to "intervene earlier and more effectively" against big tech companies.

  • The push to tighten legislation comes as big tech companies are facing increasing scrutiny around the globe.

Germany's competition authority said Tuesday it had opened an inquiry into online retail giant Amazon over potential "anti-competitive practices", using a new law giving regulators more power to rein in big tech companies.

"This could apply to Amazon with its online marketplaces and many other, above all digital offers," he added.

The German reform coincided with new EU draft legislation unveiled in December aimed at curbing the power of the internet behemoths that could shake up the way Silicon Valley can operate in the 27-nation bloc.

The watchdog already has two traditional abuse control proceedings open against Amazon.

In February, a German court ruled that Amazon must list the country or place of origin of fruit and vegetables it sells online, in a landmark victory for consumer rights groups.

Germany and France have also joined calls from the United States to impose a global minimum corporate tax of 21%, a move which targets huge multinationals like Amazon and Google.

Source: News24

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