If corporations make more money from the infraction than the fine, they will always choose the infraction.
Regulations and regulators need to make fines an actual deterrent.
If corporations make more money from the infraction than the fine, they will always choose the infraction.
Regulations and regulators need to make fines an actual deterrent.
@Em0nM4stodonEm
My favorite way to fine would be "percentage of global turnover" during the period covered by the infraction. Say the company put in a year conning unsuspecting customers out of extra money. So the fine would be money-taken-from-customers + some percentage of your total sales for that year. The money-taken-from-customers would be returned to customers.
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