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Out-Law.com reports on comments by Facebook concerning the inclusion of fines of up to two percent of a company’s global turnover for violations of the proposed EU data protection reforms. In comments to the Irish data protection commissioner, the social networking company said businesses may withdraw from cooperation with regulators and engage in lengthy court battles, the report states. “The high level of potential sanctions for breaches of the regulation risks turning relations between companies and regulators into a combative one and may undermine the incentive of Internet companies to invest in the EU,” Facebook has stated.
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