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The law states "up to 10,000,000 EUR" which is the opposite of minimum I'd say.
by mmaurizi 8y ago
The law states "up to 10,000,000 EUR" which is the opposite of minimum I'd say.
- s_dev 8y agoThe law does not state that. It states €10 million or 2% of gross worldwide revenue -- whichever is higher.
- zaarn 8y agoThose are still the maximum, the 10 million is still not the minimum. The EU could fine a corporation with 10 billion turnover 10$ but they also could fine up to 200 million $. It doesn't mean they have to fine atleast 10 million once you're over the 2% switchover.
- s_dev 8y agoYou're missing my point -- what you said the law says and what the laws says are different. You're maximum/minimum argument relates to the guy above your post. That additional option of a 2% figure changes the dynamic of how the fines work completely.
- johnnyfaehell 8y agoThe law says “up to” which is what they explained.