> Violations of the new law will bring a penalty of 20 percent of the domestic revenue of the service found to have breached the rules. The fine can increase to 30 percent if the companies do not cease the anticompetitive practices.
Wow, fines that actually hurt. We here in the EU should take note.
Penalties based on the global revenue also prevent companies finding loopholes in the corporate and tax laws. They need to announce good revenue to have shareholders and they will be judged by the same standards by the law.
Wow, fines that actually hurt. We here in the EU should take note.