Minimum fine is $20 million, isn’t it? | Hacker News

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		CamperBob2 on May 13, 2018 \| parent \| context \| favorite \| on: GDPR will pop the adtech bubble Minimum fine is $20 million, isn’t it?

M2Ys4U on May 13, 2018 [–]

No. It's part of the calculation for the maximum fine.

The maximum fine is defined as €20,000,000 or 4% of your global anual turnover, whichever is largest.

donovanh on May 14, 2018 | [–]

Yep

> Up to €20 million, or 4% of the worldwide annual revenue of the prior financial year, whichever is higher

https://www.gdpreu.org/compliance/fines-and-penalties/

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