Re: Hi kids
Tomorrows lesson is percentages and we're going to start at 4%
I've been wondering about that. I mean, lets assume the ICO actually grow a pair and start using their powers.... Surely this is an incentive to restructure every pan-European company into seperate entities? TSB is UK only, so fines would be capped at 4%. Someone like, say Farcebook, is pan-European, so could be fined 4% in each legal jurisdiction, which adds up to rather a lot more.
Obviously, that'd only be relevant, as I said, if the ICO actually started to do their jobs instead of simply existing to protect corporate law breakers from robust legal action.