• OberonSwanson@sh.itjust.works
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      4 months ago

      The depressing fact this is already in their calculations really suggests fines should be vary based on a percentage of the company’s profits, not a set number for all.

      • P1nkman@lemmy.world
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        4 months ago

        If you do something illegal, and the result is a fixed fine, it’s only “illegal” for poor people. Rich people dgaf if they have to pay fine/ticket.

      • CosmicTurtle0@lemmy.dbzer0.com
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        4 months ago

        Never profits. Must be revenue.

        Companies have ways of looking like they don’t make a profit, especially when it comes to filing taxes.

        “Oh, we created a subsidiary in Ireland and, gosh darn, they charged us a gagillion dollars for this pen. We actually have a loss this year.”

        Beat

        “Stimulus please!”

        • lennivelkant@discuss.tchncs.de
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          4 months ago

          I believe that is why people made such a fuss about the GDPR allowing courts to slap companies for up to 4% of their worldwide annual revenue. Whether or not that full extent is ever brought to bear against particularly megacorps is a different question, but at least medium-sized companies will probably avoid repeat offenses. I don’t know how Meta felt about the 1.2 billion ticket either, but I can’t imagine they just shrugged it off as normal business expenses.

      • NABDad@lemmy.world
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        4 months ago

        Or it shouldn’t be a fine, but criminal prosecution for the executives responsible.