this post was submitted on 01 Mar 2024
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Problem is the amount of money in the fine. The fine is up to 10% of the global turnover for the first time (that is relevant). But if they get 1% they may just try in keeping in playing chicken with the EU
I don’t think the EU will be fine with this because it would be a precedent for every other big company for all future regulations
They could be fined double, both a damage penalty and a fine for acting in bad faith. I'm not sure what you mean by a max of 10% of global turnover? If that's for the entire company per year, that would be almost 40 billion USD based on 2022. Making 1% almost 4 billion USD.