10 ms·

Two things I wonder about: first are these fines actually going to happen or is the sort of thing where it gets appealed indefinitely. And second, where do the

Two things I wonder about: first are these fines actually going to happen or is the sort of thing where it gets appealed indefinitely. And second, where do the fines go? It sounds a lot like since Ireland is where Tiktok is getting fined the fines go to the Irish government which would seem crazy. The fines are assessed in the context of the full EU, but only Ireland gets the revenue? This is broken.

aurareturn 1y ago
If it's truly Ireland only, then Tiktok might just exit the country and not pay the fine. Perhaps this is what Ireland wants? Ireland is a small market. It'll take forever to make 530m in profit in Ireland for Tiktok.
- tossandthrow 1y ago
  TikTok has their EU office in Ireland, that is why the case is happening there. The verdict is for the entire EU, they'd have to exit the EU market.
- pjc50 1y ago
  TikTok EU is based out of Ireland, so they'd have to move the whole datacentre. https://newsroom.tiktok.com/en-gb/tiktok-european-data-centre https://newsroom.tiktok.com/en-gb/tiktok-european-data-centr... Meanwhile this is a very interesting read on their corporate structure: https://committees.parliament.uk/writtenevidence/13247/default/ https://committees.parliament.uk/writtenevidence/13247/defau... "On corporate structure specifically, there is a misconception that TikTok UK is a subsidiary of ByteDance's operations in China. This is not the case. TikTok UK is owned by global parent company ByteDance Ltd, incorporated in the Cayman Islands" .. now, everyone talks about China as a global enemy of freedom and accountability, but I think Grand Cayman is underestimated as a bad actor or protector thereof.
- rsynnott 1y ago
  It would have to leave Europe. This is being done under the auspices of the EU GDPR.
diggan 1y ago
> And second, where do the fines go? Someone correct me if I'm wrong, but the income from the money eventually flows into the overall EU budget, so it's like we (EU residents) get a tiny rebate on our taxes. But seems to also depend on each country, Spain is somewhat unique in that the DPA seems to keep it themselves.
- skeeter2020 1y ago
  >> so it's like we (EU residents) get a tiny rebate on our taxes. Don't know specifically about this scenario, but I've never seen a government's general revenues account treated like this. Governments rarely pay "dividends" - unless you're a targeted voting block they decide to go after.
  - rsynnott 1y ago
    The EU, specifically, essentially runs a balanced budget, so increased revenue from stuff other than member state contributions will reduce the required member state contributions. Of course how each member state funds those and what it does with them if they get cheaper is up to that member state.
- tpm 1y ago
  You are partly wrong, the money from fines eventually flows into the overall EU budget, which is financed by contributions from member countries, so this contribution will be a bit lower, but this will not propagate into lower taxes for us.
  - diggan 1y ago
    > this will not propagate into lower taxes for us. Yeah, sorry if I was unclear, I didn't mean that residents would literally have a line item on their tax bill because of the fines. But since the fines go into the overall budget, it's like the budget grows (in a very small amount) without people having higher taxes.
pjc50 1y ago
UK: the regulator which issues the fine pays almost all of it (minus some expense recovery) into the consolidated fund, i.e. the same pot as taxes. This is roughly what I'd expect. The EU does very little law enforcement directly, most is done through national regulators. This is the reverse of the Apple situation, where the EU fined the Irish government for not collecting enough taxes from Apple.
- tailspin2019 1y ago
  For clarity, I don’t think the UK is involved in this at all. This seems to be a fine issued in the Republic of Ireland which is not part of the UK (but, unlike the UK, is still part of the EU).
s_dev 1y ago
https://www.enforcementtracker.com/ https://www.enforcementtracker.com/
- switch007 1y ago
  Does that confirm that a fine payment was made?
  - johnisgood 1y ago
    I do not think it says.

aurareturn 1y ago

If it's truly Ireland only, then Tiktok might just exit the country and not pay the fine. Perhaps this is what Ireland wants? Ireland is a small market. It'll take forever to make 530m in profit in Ireland for Tiktok.

tossandthrow 1y ago
TikTok has their EU office in Ireland, that is why the case is happening there. The verdict is for the entire EU, they'd have to exit the EU market.
pjc50 1y ago
TikTok EU is based out of Ireland, so they'd have to move the whole datacentre. https://newsroom.tiktok.com/en-gb/tiktok-european-data-centre https://newsroom.tiktok.com/en-gb/tiktok-european-data-centr... Meanwhile this is a very interesting read on their corporate structure: https://committees.parliament.uk/writtenevidence/13247/default/ https://committees.parliament.uk/writtenevidence/13247/defau... "On corporate structure specifically, there is a misconception that TikTok UK is a subsidiary of ByteDance's operations in China. This is not the case. TikTok UK is owned by global parent company ByteDance Ltd, incorporated in the Cayman Islands" .. now, everyone talks about China as a global enemy of freedom and accountability, but I think Grand Cayman is underestimated as a bad actor or protector thereof.
rsynnott 1y ago
It would have to leave Europe. This is being done under the auspices of the EU GDPR.

diggan 1y ago

> And second, where do the fines go? Someone correct me if I'm wrong, but the income from the money eventually flows into the overall EU budget, so it's like we (EU residents) get a tiny rebate on our taxes. But seems to also depend on each country, Spain is somewhat unique in that the DPA seems to keep it themselves.

skeeter2020 1y ago
>> so it's like we (EU residents) get a tiny rebate on our taxes. Don't know specifically about this scenario, but I've never seen a government's general revenues account treated like this. Governments rarely pay "dividends" - unless you're a targeted voting block they decide to go after.
- rsynnott 1y ago
  The EU, specifically, essentially runs a balanced budget, so increased revenue from stuff other than member state contributions will reduce the required member state contributions. Of course how each member state funds those and what it does with them if they get cheaper is up to that member state.
tpm 1y ago
You are partly wrong, the money from fines eventually flows into the overall EU budget, which is financed by contributions from member countries, so this contribution will be a bit lower, but this will not propagate into lower taxes for us.
- diggan 1y ago
  > this will not propagate into lower taxes for us. Yeah, sorry if I was unclear, I didn't mean that residents would literally have a line item on their tax bill because of the fines. But since the fines go into the overall budget, it's like the budget grows (in a very small amount) without people having higher taxes.

pjc50 1y ago

UK: the regulator which issues the fine pays almost all of it (minus some expense recovery) into the consolidated fund, i.e. the same pot as taxes. This is roughly what I'd expect. The EU does very little law enforcement directly, most is done through national regulators. This is the reverse of the Apple situation, where the EU fined the Irish government for not collecting enough taxes from Apple.

tailspin2019 1y ago
For clarity, I don’t think the UK is involved in this at all. This seems to be a fine issued in the Republic of Ireland which is not part of the UK (but, unlike the UK, is still part of the EU).

s_dev 1y ago

https://www.enforcementtracker.com/ https://www.enforcementtracker.com/

switch007 1y ago
Does that confirm that a fine payment was made?
- johnisgood 1y ago
  I do not think it says.