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Are those fines really collected? I know Russia has troubles collecting fines say from Twitter. Google always successfully "negotiate" them way down.
by betaby 5y ago
Are those fines really collected?
I know Russia has troubles collecting fines say from Twitter.
Google always successfully "negotiate" them way down.
- doikor 5y agoWith the amount of physical assets and business Amazon has in the EU it will be easy to enforce the collection. The other option is to confiscate the warehouses and data centers and sell those to pay the fine. Also I’m not sure how Luxembourg laws work but here in Finland the government would just declare that company bankrupt and take all of their stuff to pay the fine. (Company not paying their bills in time is grounds for bankruptcy). This is also the easiest way to get a company to pay what they owe you. Just send a notice of wanting to declare the company bankrupt to the courts for not paying usually leads to the bill getting paid in a day or two. This has actually happened to some really large companies (mainly insurance companies that did not want to pay after losing in court when disputing their insurance decisions) Twitter in Russia is very different as they do not have any physical assets there.
- eitland 5y ago> (Company not paying their bills in time is grounds for bankruptcy). Same here in Norway from what I hear: Even if you can prove that you have the money tomorrow if your taxes are due today and you don't pay they make you bankrupt. Simple as that, they rather take the loss and know that no one "forgets".
- whoknowswhat11 5y agoThese cases are often ridiculous political statements - so they get appealed and the fines knocked way down.