4 ms·
Let me get it straight: if your global revenue is €10 million, you won't pay 4%(€400k) penalty, you'll pay €20 million, because it's greater of the two? It seem
by mamon 9y ago
Let me get it straight: if your global revenue is €10 million, you won't pay 4%(€400k) penalty, you'll pay €20 million, because it's greater of the two? It seems like this will be especially harmful to small companies.
- Someone 9y agoUp to $20 million, depending on the severity of the infringement. I think the reason that floor is there is to handle cases where an organization doesn’t have much revenue, either through accounting shenanigans or because it is a non-profit (made up example: a free PDF to text converter that claims to be stateless but mines passwords and information to blackmail people with)