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> Use of facial recognition software by police and governments would be restricted outside of certain safety and national security exemptions. Companies that vi
by sva_ 3y ago
> Use of facial recognition software by police and governments would be restricted outside of certain safety and national security exemptions. Companies that violated the regulations could face fines of up to 7 percent of global sales.
So a 7% tax on developing/deploying such systems. Not a bad deal.
- radicalcentrist 3y agoSounds like 7% of revenue rather than profit. But I agree it seems weird to cap it at 7.
- sva_ 3y agoMy thinking is that they can just start a subsidiary that draws from upper (parent company) IP to pay out profits. It sounds like an accountant homework task, but I don't know shit. I'm just a bit cynical, having lived in the EU my whole life.
- dharmab 3y agoThis sounds very similar to the GDPR fine structure, and that doesn't have that loophole.
- martin8412 3y ago7% per infraction. If you don't show signs of trying to immediately rectify it, they can keep fining you the 7%.