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Fines are meant as a warning. If you impose a 50bn fine then every other company out there will start having second thoughts about entering the EU market. Lobby
by elorant 7y ago
Fines are meant as a warning. If you impose a 50bn fine then every other company out there will start having second thoughts about entering the EU market. Lobbying will skyrocket and a lot of things could stale or worsen for the economy as a whole.
- coldtea 7y ago>Fines are meant as a warning. If you impose a 50bn fine then every other company out there will start having second thoughts about entering the EU market. So no Facebook, Google, etc scum? Fine by me!
- close04 7y ago> Fines are meant as a warning Fines are a deterrent and punitive measure. They punish you for doing something and make you hesitate to do it again. If these 2 goals aren't reached than the fine isn't really effective. If they were a warning then you'd expect the second offense to be punished by some action that can make the fine feel like "just" a warning. What's that action? How effective is a string of endless warnings that are never followed up with real action? One way would be to implement a series of exponentially growing fines. This would make them less "cost of doing business" and more "massive liability".
- la_barba 7y ago>If you impose a 50bn fine then every other company out there will start having second thoughts about entering the EU market. Yes, don't enter the EU market if you want to dodge taxes. More countries should be enforcing this..