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In case someone here knows but how is it even possible that EU can fine companies based on the whole world "turnover" (which I might incorrectly presume meaning
by mikhailt 4y ago
In case someone here knows but how is it even possible that EU can fine companies based on the whole world "turnover" (which I might incorrectly presume meaning profits) when their power is restricted to the EU space.
Re: this:
> The DMA says that gatekeepers who ignore the rules will face fines of up to 10 percent of the company's total worldwide annual turnover, or 20 percent in the event of repeated infringements, as well as periodic penalties of up to 5 percent of the company's total worldwide annual turnover.
- Noe2097 4y agoI see it this way: the EU may choose whatever way it wants to compute a fine -- they are making the law, they could have written a fixed amount, or an amount based on revenue made in the EU (which is probably a pain to define and certainly easy to "workaround"), or an amount relative to the average temperature in the Sahara over a year. Whether it's "fair" is an entirely different topic. And I guess any company could try to fight that decision in court.
- waffleiron 4y agoSame way you can be fined in another country while on holiday even though you don't earn any money there. They set the law, and if you (or Apple) doesn't like it don't go/have business there.
- makeitdouble 4y agoTo add to Noe2097's comment, entities ignoring international bounderies is not something special. For instance US citizens are required to disclose and pay tax on their global income, even if they are official resident of another country. Makes no sense, but the US is free to decide its own rules.
- adventured 4y ago