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by 9point6
878 days ago
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This is how these EU regulations get their teeth: turnover not profit and global not local to a region—they can't creatively account their way out of the fine and it's always going to be big enough to really want to avoid, no matter the size of the company. None of this "the fine is just the permit fee for those that can afford it" attitude. |
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So Google can't just make an EU subsidiary that never makes a profit and thus the fines don't have teeth.
It's the global turnover of Alphabet Corporation.