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These EU countries sure seem to be raking in a lot of FAANG money. Ideally they should just sit down together and meaningfully reach some common policies around
by seaman1921 5y ago
These EU countries sure seem to be raking in a lot of FAANG money. Ideally they should just sit down together and meaningfully reach some common policies around how to operate without being 'abusive' - but of course they wouldn't get to make these billion dollar fines then.
- andy_ppp 5y agoCompanies seem to push the boundaries of the law deliberately. Are these types of fines taken straight out of any "profits" by the accountants so I'm not sure if they don't just effectively "expense" the cost of fines and consequently only pay 60-80% of them? It does seem high but then it depends on if they are consistently breaking the law. I'm sure these bodies came to a conclusion based on some sort of evidence to show damage to other businesses. How would you deter companies in a different way from breaking the law?