Amendment 188, Proposal for a regulation, Article 79
“c) a fine up to 100 000 000 EUR or up to 5% of the annual worldwide turnover in case of an enterprise, whichever is higher.”
You have to read “100 million € or higher”. For Oracle, the company I work for, that would amount to 565 millions dollars, more than 500 millions euros. This amount has been increased by the European Parliament in March 2014 after the NSA scandal…