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"These types of infringements could result in a fine of up to €20 million, or 4% of the firm’s worldwide annual revenue from the preceding financial year, which
by scaryclam 6y ago
"These types of infringements could result in a fine of up to €20 million, or 4% of the firm’s worldwide annual revenue from the preceding financial year, whichever amount is higher." - https://gdpr.eu/fines/ https://gdpr.eu/fines/
Definitely revenue. The point of the GDPR is to have some teeth when dealing with companies that are large enough to shrug off lesser fines.
- gspr 6y agoI know. I was replying to a comment that suggested it was toothless, so I wondered if the author had mixed revenue and profit.