> ... percentage of a company’s global revenue or as a large fixed amount whichever is higher.
It should be noted that this is used to establish a maximum fine.
Then the regulator can fine at X% of the maximum fine.
It should be noted, that this is established to avoid that individual EU member states fine too little to attract business (Like Ireland has previously had issues on re. too little taxing)
It should be noted that this is used to establish a maximum fine.
Then the regulator can fine at X% of the maximum fine.
It should be noted, that this is established to avoid that individual EU member states fine too little to attract business (Like Ireland has previously had issues on re. too little taxing)