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>I would say such a fine to a mom and pop would be dissuasive of doing business at all Welcome to the EU. They've pulled these stunts before. When they introdu
by Mirioron 7y ago
>I would say such a fine to a mom and pop would be dissuasive of doing business at all
Welcome to the EU. They've pulled these stunts before. When they introduced changes to digital VAT collection the lawmakers "forgot" that VAT has exemption thresholds. This effectively barred some small and micro businesses from selling their digital services/goods to other EU countries, because the business would not have been exempt from VAT afterwards. It took the lawmakers years to implement a minimum VAT threshold.
>It’s not like they run every mom and pop site out of the country.
Of course they won't, because people want to do business. There will always be more businesses that get started. The question is whether there will be fewer businesses started because of the regulation. So far analysis after GDPR points to yes.