Source: I made it up
This is not what has happened with previous regulations. In fact, it's mostly weaponized against US companies, but that's mostly because it's fun and deserved.
This is not what has happened with previous regulations. In fact, it's mostly weaponized against US companies, but that's mostly because it's fun and deserved.
The result?
GSK paid $4 bn in fines. They made $11 bn in profits from that drug. Net $7 bn even with the fine.
...
This is the way regulation works in the US. And this is why the Americans dislike it: Small businesses can never risk that. Big businesses dont need to care about that. Its designed to kill the small for the sake of the big.
The Eu used to be different. But judging from how this law is crafted, it might be changing.
It's not dissimilar to how the tax authorities always seem to pick small timers for a random extensive audit.
The idea is good and I'm all for it, but mostly due to said observations I'm not convinced its practical implementation will be very effective at all
It's not like they're the cause of half of regulations or anything due to all the scummy small business owners...
Yes think of smaller entities - which are not all commercial, mind you - just don't think of them more often and more thoroughly than the multinational megacorporations that have been racking up endless violations, most of which they are continuously worsening rather than fixing, and are in many cases actively trying to litigate into oblivion.