[pwtweet]

"piece of legislation intended to cripple US corporations and supplement EU budgets with US corporate profits".

The most ignorant fucking statement I have read on HN in a long time. The 2016 GDPR is an update to the 2002 EU Data Protection Regulation. It has nothing to do with taxes, profits or crippling any company. It is an enforcement of the EU Charter of Fundamental Rights.

[sqdbps]

Budget supplements come from potential fines which are set at an exuberant rate.

"An update" as in adding new laws and regulations all of which are unneeded and all of which are targeting US companies.

[echelon]

Fines without teeth won't produce the desired effect. Privacy matters more than profit.

[Jedd]

>... all of which are targeting US companies.

Clearly not true, but exquisite in the context of the FB factory dodging tax via the Irish loopholes, and now moving away from Ireland as a base.