Apple and Google must allow other in-app payment systems, Korean law declares
1–10 of 627 posts
Re: Apple and Google must allow other in-app payment systems, Korean law declares
#2Is an “up to 3%” fine enough to make these companies relinquish their 30% Apple/Google tax?
Re: Apple and Google must allow other in-app payment systems, Korean law declares
#3Is an “up to 3%” fine enough to make these companies relinquish their 30% Apple/Google tax?
Apple sells expensive phones, tablets and computers. 3% of South Korean revenue (all revenue, not just app store fees) should be massive.
Re: Apple and Google must allow other in-app payment systems, Korean law declares
#4Finally.
This is exactly how regulators should respond to the market abuse of these technology monopolies.
If they wanted to head this off all they had to do was pay a reasonable amount of tax in the country where the revenue was generated and offer a reasonable (single percentage) fee for facilitating payments.
They chose not to so they reap what they sow
Re: Apple and Google must allow other in-app payment systems, Korean law declares
#5A possible outcome of this regulation: all Android and iOS payments get disabled in South Korea, paid apps become unavailable.
Re: Apple and Google must allow other in-app payment systems, Korean law declares
#6And they would've gotten away with it, too, if it wasn't for those meddling kids!
Seriously, though, I can't believe both Apple and Google thought they'd get away with this. Of course it makes zero sense from a consumer point of view to only allow one payment system.
Re: Apple and Google must allow other in-app payment systems, Korean law declares
#7How long do we have to wait for all those disaster scenarios Apple and Google have been promising us to become true? I want to mark a date on my calendar.
Re: Apple and Google must allow other in-app payment systems, Korean law declares
#8I wonder if this would lead to an increased number of company formations in S. Korea. My first impulsive reaction was to search about their local formation and tax laws.
Re: Apple and Google must allow other in-app payment systems, Korean law declares
#9A possible outcome of this regulation: all Android and iOS payments get disabled in South Korea, paid apps become unavailable.
Another possible outcome: apps with external payment methods will end up at the bottom of the search rankings.
Re: Apple and Google must allow other in-app payment systems, Korean law declares
#10I wonder if this would lead to an increased number of company formations in S. Korea. My first impulsive reaction was to search about their local formation and tax laws.
I imagine that this would only apply to users in South Korea.