Deeply concerned about the U.K.'s future relationship with the European Union, businesses are waiting anxiously for the rules of separation.
The GDPR could affect almost every U.S. consumer goods and services company, and plenty of other organizations, that do business in the EU.
After May 25, 2018, companies found violating the General Data Protection Regulation are subject to fines of up to 4% of their annual worldwide revenues.
The Internet giant has been ordered to change its practices or face further financial penalties.
Compliance will motivate firms to update their current processes and methodology to assess cyber risks and the related potential business effects.
The GDPR’s primary goal is to give control over personal data back to the individual, in this case the European Union citizen.
The European Parliamentary Research Service has estimated that corporate tax-dodging costs the EU between $54.5 billion and $76.4 billion a year.
f If the European Commission rules against Ireland's 1991 tax deal, Apple may have to pay back a “material” amount of back taxes.
