> 1. This regulation is specifically (deliberately?) anti small business. If your revenue is less than €20m their fine is up to €20m, i.e. can be 100% of your revenue, meaning bankruptcy. If your revenue is greater than €500m, your fine is capped at only 4% of your revenue, i.e. an acceptable fluctuation. It's worse than a regressive tax.

With the amount of creativity observable for inventing tax-avoiding business structures, I'm sure if the minimum clause weren't there, big players would quickly find a way to spread their revenue over dozens of small entities, each looking like a "small business" on paper.

So I'm not sure it would be even possible to make a regulation "with teeth" that explicitly exempts small players.