3 ms·
There are other reasons to fine companies based on % of their revenue: If it were a fixed amount, large companies would not care about the fine, whereas smaller
by shafyy 2y ago
There are other reasons to fine companies based on % of their revenue: If it were a fixed amount, large companies would not care about the fine, whereas smaller companies would go bankrupt.
EU is trying to do something against tax havens like Ireland. Just recently they ruled that Apple needs to pay back the €13b of tax they owe in Ireland: https://www.theguardian.com/technology/article/2024/sep/10/apple-loses-eu-court-battle-tax-bill-ireland https://www.theguardian.com/technology/article/2024/sep/10/a...
This is part of a bigger move of the EU to try to close these loopholes: https://ec.europa.eu/commission/presscorner/detail/en/ip_18_6853 https://ec.europa.eu/commission/presscorner/detail/en/ip_18_...