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Gafa: EU wants fines of up to 10% of sales for infringement of competition

2020-12-14T14:44:20.557Z


The European Commission is planning in its draft new digital legislation fines of up to 10% of turnover for industry giants guilty of serious competition infringements, according to European sources. To read also: Nicolas Baverez: "Politics is catching up with the digital giants" In terms of illegal content online, fines may reach 6% of turnover and even " the prohibition to operate " on the Eur


The European Commission is planning in its draft new digital legislation fines of up to 10% of turnover for industry giants guilty of serious competition infringements, according to European sources.

To read also: Nicolas Baverez: "Politics is catching up with the digital giants"

In terms of illegal content online, fines may reach 6% of turnover and even "

the prohibition to operate

" on the European market "

in the event of serious and repeated breach having the consequences of endangering the security of European citizens,

"corroborating sources with knowledge of the project, which will be unveiled on Tuesday, told AFP on Monday.

Source: lefigaro

All business articles on 2020-12-14

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