“It would be a shameful outcome for the whole world. “If a major world power’s regulatory authority endorses a 27pc monopoly rent application… that is a complete failure of regulation. Mr Sweeney told The Telegraph: “If the UK endorses the Google proposal, it is a betrayal of the antitrust principles and regulatory principles that are supposed to be in play here. The regulator is consulting on the proposals, paving the way for possible acceptance. Last month, the CMA said Google had offered to let developers use alternative payment systems on its Android Play Store but would continue to collect fees of up to 27pc, down from today’s 30pc. Google and Apple charge developers fees of up to 30pc on purchases of apps and payments within apps, in what has been likened to a tax on the internet. Mr Sweeney's warning comes as the CMA prepares to rule on an investigation into Google's app store.
The two companies have hit out at the regulator’s decision, fuelling concerns that Britain is becoming an unattractive place for technology businesses. The regulator faces mounting scrutiny of its approach to technology after blocking the merger of gaming giants Microsoft and Activision. Tim Sweeney, the chief executive of Epic Games, said the Competition and Markets Authority (CMA) would be guilty of “a complete failure of regulation” if it allows Google to continue charging app makers high fees on its download stores. Britain’s competition watchdog has been warned it risks a “betrayal of antitrust principles” by the chief executive of one of the world’s biggest gaming companies.
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