Re:EU fines Asus, Denon-Marantz, Philips and Pioneer $130M f...
by isostatic on Tuesday July 24, 2018 @10:56AM
(#17601573)
EU revenue isn't that high. The US Federal budget is $4,000b, the EU budget is $170b
Over 4.5 years, from 2013 to 2017, EU fines totaled nearly $10b. That's $2b a year, or just over 1% of the EU's total revenue.
https://www.cnbc.com/2017/06/27/the-largest-fines-dished-out...
Re:EU fines Asus, Denon-Marantz, Philips and Pioneer $130M f...
by kolbe on Tuesday July 24, 2018 @11:59AM
(#17602224)
The EU just fined Google alone $5b. So clearly using past numbers is not an indication of their current or future intentions.
Re:EU fines Asus, Denon-Marantz, Philips and Pioneer $130M f...
by germanier on Tuesday July 24, 2018 @11:23AM
(#17601832)
Fines don't increase the EU budget. Instead the contributions of the member states are reduced proportionally. The EU itself does not profit financially from fines and therefore I can't see even see a hint of a conflict of interest.
But anyway, fines going into the general budget is a very usual situation which poses no problem in a stable administration.
wow. Really?
You make that sounds like its insignificant, but it really isn't.
Fines that go in to the 'consolidated budget' for a country or region doesn't seem right; it's blatantly in their own interest to lay out fines, regardless of if the behaviour warranted it or not.
This seems very familiar to the US property seizure laws; the line between 'justice' and 'flat out corrupt' is fine, and there's significant financial gain to walking the corrupt side of the line.
I don't think this is anything to be proud of.