Tech giants risk EU fines up to 10% of turnover if norms violated: Report

Tech giants which control access and data to their platforms could be fined up to 10 per cent of their annual turnover for violating rules aimed at curbing their power, a person familiar with the matter said on Monday.

The proposed rules, to be announced by EU digital chief Thierry Breton and EU antitrust czar Margrethe Vestager on Tuesday, are likely to affect Amazon.com, Apple , Facebook and Alphabet unit Google.

The rules, known as the Digital Markets Act, set out a list of dos and don'ts for online gatekeepers to ensure a level playing field for rivals and users.

That could include