Comment by youngtaff
17 days ago
> EU never ending fines are essentially tariffs)
Comply with EU legislation for activity within the EU and there are no fines so it’s hardly a tariff
17 days ago
> EU never ending fines are essentially tariffs)
Comply with EU legislation for activity within the EU and there are no fines so it’s hardly a tariff
Listen I get this is wildly counter-narrative on HN (all tech legislation = good and EU = default good on this forum) so I will never win this argument.
But I’ve dealt closely with EU compliance on these matters, and the fines are absolutely levied selectively and in bad faith on areas that are impossible to comply with on the timelines provided or ever. They have absolutely turned into strategically punitive taxes on an industry that the EU has no answer to, so in effect, yes, they are tariffs.
I have also dealt with EU compliance, and I have never seen the EU act quickly on anything concerning business. It's a slow, bureaucratic institution.
With all due respect, when you are given years to comply, the problem is not that the timeline is impossible, but that your organization chooses to ignore the regulation.
If the same laws had been passed in the US, the company would have complied already.
Yes, fines sometimes appear levied selectively. Where do you draw the line though? Would you consider the tens of billions Volkswagen had to spent in the US to settle their emissions scandal as "tariffs"?