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by motoxpro 1900 days ago
So interesting that people assume that companies will stay in punative enviroments. If there is a risk that a country is going to fine me 30b instead of 2b, I will just go to another country. Just like everyone does with taxes (Apple to Ireland, etc).

You could say, well, everyone should be issuing fines like this, but then all it takes is ONE country to NOT do this and they get all of the worlds corporate taxes.

Policy is not so simple. Just go through the downstream consequences of what you're saying.

1 comments

That's the entire point. If you're running a company and can't comply with U.S. laws, then you simply shouldn't operate in the U.S. and will need to find another country that allows you to engage in your business practice.

It's not important whether other countries issue fines. Other countries are free to implement laws that suit their population. What's important is that companies operating within a respective country obey the laws of that country.