Alphabet, Google’s owner, has separated out fines paid to the European Commission in its latest statement of income. Research and development also increased by just under one-third, from $16.63 billion to $21.42 billion. Such fines increased from $2.7bn in 2017 to $5.1bn last year, with a further €50m set to be added to the company’s 2019 accounts as a result of action by the French data protection authority, CNIL. The company said it had been working hard on improving transparency and accountability for EU regulators, including through an internal review that was launched this year.
Alphabet, Google’s owner, has separated out fines paid to the European Commission in its latest statement of income. Such fines increased from $2.7bn in 2017 to $5.1bn last year, with a further €50m set to be added to the company’s 2019 accounts as a result of action by the French data protection authority, CNIL. The company said it had been working hard on improving transparency and accountability for EU regulators, including through an internal review that was launched this year.