I don’t feel bad for them anymore. Their voters seem to be fine with this status quo. And I get why other countries see these fines as trying to raise taxes by other means because it hasn’t and won’t change anything.
I don’t feel bad for them anymore. Their voters seem to be fine with this status quo. And I get why other countries see these fines as trying to raise taxes by other means because it hasn’t and won’t change anything.
Of course they can fine enough. They just don't, which is why you see companies get fined again and again profiting from each violation.
The real issue is that fines are hard to set against companies with more money than they could ever need. What we need is for more CEOs to go to prison, but that's hard to do when the company's CEO is a citizen of another country.
I can't think of a single one. It barely registers as a risk.
Although I can think of several US startups that bankrupted themselves with fines for fraud etc....
But they don't.