3 ms·
Strike 3 - 4% of your TOTAL GLOBAL REVENUE (or 20mil EUR, whichever is higher) Why would they impose a 20M limit and not stick to 4% revenue irregardless of it
by xd 9y ago
Strike 3 - 4% of your TOTAL GLOBAL REVENUE (or 20mil EUR, whichever is higher)
Why would they impose a 20M limit and not stick to 4% revenue irregardless of it...
edit: I'm not sure that the down voting is about.. it's still a limit, a limit that means a company turning over 0-500M will pay up to a 20M fine.. not so bad the closer you get to 500M but not so great if you're a small company, especially so as the regulation is so open to the "law of unintended consequences" right now and only larger companies will have the funds / man power to navigate it.
- deleted 9y ago[deleted]
- ATsch 9y agoYou seem to misunderstand, 20M is not a limit, but a minimum
- downrightmike 9y agoA lower limit, a minimum. If 4% is 20.1M+ they'll pay that.
- jpk 9y agoI understand your point, but I still think it's wrong. The minimum on the third strike is so a little-to-no revenue startup or shell company or something doesn't willingly abuse data because the fine will be 4% of nothing.