So yeah, whoever talks about these fines as a strategy for fixing the budget knows nothing about the actual budget of a G7 state, these fines are completely immaterial to Italian fiscal policy.
For perspective, that's roughly equivalent to someone with a €50,000 annual income finding €7 on the street and someone claiming they're doing it "to survive."
> fines on American companies bigger than revenue from your entire tech industry?
1. As someone already mentioned, taxes != revenue
2. On top of that, "public internet companies" != "entire tech industry"
3. On top of that, tax evasion and creative accounting by "public internet companies" companies is well known, documented, and is subject to additional fines (not as often or as much as they deserve)
4. On top of that "announce these new fines monthly like clockwork" speaks volumes about the state of the "public internet companies" and there continuous disregard for the law.
The relevant comparison is fines vs. actual budget, not fines vs. some cherry-picked industry segment.
EU general government spending (across 27 nations) in 2023 was around €8.4 trillion. €3.8B in fines is 0.045% of that, again, completely immaterial.
https://www.rgs.mef.gov.it/VERSIONE-I/attivita_istituzionali...
So yeah, whoever talks about these fines as a strategy for fixing the budget knows nothing about the actual budget of a G7 state, these fines are completely immaterial to Italian fiscal policy.
For perspective, that's roughly equivalent to someone with a €50,000 annual income finding €7 on the street and someone claiming they're doing it "to survive."