In theory I agree, in practice I despise laws that are needlessly wordy, and including a whichever is larger clause will add on an unnecessary element since gross income can only be abused with tax credit shenanigans which aren’t very over the top, and if I had my way wouldn’t exist at all(fairy tale I know)
Almost 100 billion revenue last year.
250 million of 100 billion is what… 0.25%?
Yeah. That’s nothing to them.
it never is. fines should be a percentage of the value of the company, not just some sum.
Value can easily be manipulated, it really should be based on 15% ish of their gross income
Or value, or XYZ whatever is largest.
In theory I agree, in practice I despise laws that are needlessly wordy, and including a whichever is larger clause will add on an unnecessary element since gross income can only be abused with tax credit shenanigans which aren’t very over the top, and if I had my way wouldn’t exist at all(fairy tale I know)
Well, net income already had plummeted 52% then. Let’s see 2025 figures. Sales are down, down, down…
You’d need to do the math on net profit. Gross revenue is a pretty meaningless figure on its own.
Want to fine Twitter 10% for something horrible they did in 2020 using their net profit? You now owe Twitter 113 million.
That’s why they said revenue, not profit. You never go for the net. Always go for the gross.
Or, y’know, don’t do illegal things and it doesn’t matter. That’s the point of fines being a deterrent