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> I think those 4% worldwide revenue fines will be much more useful for getting those companies to comply than a hard block. I can guarantee you that no corpor
by UncleEntity 4y ago
> I think those 4% worldwide revenue fines will be much more useful for getting those companies to comply than a hard block.
I can guarantee you that no corporation on the planet is going to pay 4% of their global revenue without the EU member states sending troops in to enforce the court ruling.
- Aeolun 4y agoThen that’s tantamount to banning the company because all their assets in the EU would be liquidated.
- UncleEntity 4y agoYep, this is how trade wars are started.
- chmod775 4y agoGoogle got fined ~3.5% ($5b) of their global revenue by the EU in 2018. I didn't see any troops. Granted, they're still fighting that one in court.[1] It's not looking good for them though, with courts already having upheld another $2.8b fine against them (from 2017). Also note that "not paying" a fine is not really an option if you have business in the EU or countries friendly with them. They will quite literally just take it out of your accounts in the end. If you don't wish to have your business disrupted by that, you better pay before that happens. [1] https://www.businessinsider.com/google-faces-eu-in-court-over-5-billion-android-fine-2021-9 https://www.businessinsider.com/google-faces-eu-in-court-ove...