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The last fine google got was 10% of their income, last year. This year they aren't playing by the rules again. What is the EU supposed to do? Give another 10% f
by Radle 8y ago
The last fine google got was 10% of their income, last year. This year they aren't playing by the rules again. What is the EU supposed to do? Give another 10% fine that will be ignored? Also the fine is not 40% of googles income. The corrected income this year is $22.4 billion USD. $5 billion is less than a quarter of that. Going from 10% to 20-25% seems totally okay, if google does not try to follow european law.
(The 2017 income of google is lower because they decided to use the new US tax law in order to move a lot of money to the USA which cost them $9.8 billion. But you can't say your income is low just because you spend it all on ice cream. This is why I use the adjusted number of $22.4 billion)