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GDPR fines can go up to 4% of global revenue so the 62 cent comparison seems apt.

You only make $15.50 in a year?

Also does it make sense for you that one region can make fines based on global revenue? Would it be OK if Iceland also gave companies fines based on global revenue rather than the revenue they have in Iceland?

Yes it does make sense. Follow the rules, or pay the price - simples.

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