4 ms·
300m fine on 1100m of sales. If their margins are under 30ish percentage it would wipe out any profit made on the illegal activity. Personally i think its a ra
by swarnie 4y ago
300m fine on 1100m of sales.
If their margins are under 30ish percentage it would wipe out any profit made on the illegal activity. Personally i think its a rather fitting fine and this model should be used more often.....
- pc86 4y agoTreble damages always seemed fair to me. Have an independent third party determine the profit made from illegal activity (to avoid, or at least hinder, shady accounting practices). Triple it, and that's the fine. Obviously wipes out all the profit, has a punitive aspect to it including a buffer if they successfully hide some profits, and you can spread the fine out if you want to avoid bankrupting the company.