this post was submitted on 25 Jul 2025
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The higher of €20m or 4% of global annual turnover.
Indeed, and the kicker is that 4% is on turnover, not profit. That can really hurt.
Yeah it has to be that way otherwise all these venture capital funded businesses that never actually make a profit could just do whatever they want, and considering that's basically every startup it would essentially neuter to the law.
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