And why you don’t really see major conglomerations openly fighting back against EU regulations, only individual companies. Because they are scared to death of the EU fines that are based on percentage of total revenue.
Something like the main Samsung company getting hit with one of the big fines would literally alter global economy, either way. Since the payment would be enourmous, and if they refuse to pay they’d be blocked from operating in the EU.
This is why you hear lots of attacks on the European Union from corporate media.
And lets be fair, with those politicians that we have, big corps and their media succeed many times.
Especially with the law that would’ve banned nasty chemicals in personal hygiene products.
And why you don’t really see major conglomerations openly fighting back against EU regulations, only individual companies. Because they are scared to death of the EU fines that are based on percentage of total revenue.
Something like the main Samsung company getting hit with one of the big fines would literally alter global economy, either way. Since the payment would be enourmous, and if they refuse to pay they’d be blocked from operating in the EU.