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by karmelapple
2 days ago
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6% is the cost of sales tax in some places. That is not considered any kind of correction to bad behavior - it's literally the cost of buying goods in a variety of places. I'd strongly argue that 6% will not correct bad behavior. What corrects bad behavior? The threat of serious consequences to a business. |
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For a company like Google this fine would be in the vicinity of $24 billion, which would be a bit over 20% of their annual profit.
So for companies that have to answer to shareholders this is already a pretty big deterrent, but just in case if they reject compliance it becomes a periodic penalty!