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A comment on USA needs law 'a lot like GDPR' says Salesforce CEO Marc Benioff. Parent comment

Re:USA needs law 'a lot like GDPR' says Salesforce CEO Marc ... by mbesto on Wednesday May 30, 2018 @12:28PM (#17189082)
> but to the limit it can be "up to".

So then why not just set it to a percent of revenue? If you're just going to slap a small company with minimal turnover with €1k fines anyway, then why the need for the "up to €10M" amount?

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Re:USA needs law 'a lot like GDPR' says Salesforce CEO Marc ... by shabble on Wednesday May 30, 2018 @01:46PM (#17189843)
What if the company has huge cash reserves/holdings but artificially low turnover?

Depending on how quickly regulators can act, and how they would determine the date of precedence for 'the preceeding financial year', it's just about conceivable that a company might have >1 year of warning to do some financial trickery to minimise their fines.

Having a range(0..max($turnover_amount, $fixed_amount)) reduces the scope for that sort of trickery.

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