Which then makes whatever business practice is causing damage actually cost the company money. That’s the point. If the bottom line is dollars, making it so that illegal or unethical practices CANNOT make you money, because you’ll be fined more than the amount you made. Or, if you REALLY want to split hairs, sure, you’ll be forced to refund 100%, and then fined 10% on top of that. If that’s REALLY the distinction you want to make, go for it. It’s the same in the end.
10% is not a fine, it is a sales tax.
Reminder that it’s all revenue PLUS 10%. So it effectively makes whatever bullshit money making scheme they want to use, cost money instead.
Good to know you dont mind the profiteering off fraud.
Fine is a penalty, not a cost of business, not a sales tax. A penalty.
100k fine on 1 mill refund is nothing. 1 mill fine on 1 mill refund is a fine.
My guy. Reading comprehension. I did not say 10%. I said 10% ON TOP OF ANY EARNINGS.
As in, if a corp earns 1 million, the fine levied would be 1.1 million.
Christ, go back to 2nd grade.
It’s 110%, not 10%.
Its a 100% refund with a 10% fine. Dont conflate the refunded fraudulent sales with the fine.
Which then makes whatever business practice is causing damage actually cost the company money. That’s the point. If the bottom line is dollars, making it so that illegal or unethical practices CANNOT make you money, because you’ll be fined more than the amount you made. Or, if you REALLY want to split hairs, sure, you’ll be forced to refund 100%, and then fined 10% on top of that. If that’s REALLY the distinction you want to make, go for it. It’s the same in the end.