The PSOE proposed a legislative change to the law. Competition Law extending the penalties imposed on companies participating in the cartel to a maximum of 50 million and at least one million euros. According to a registered amendment to the law, Financial Client Defense OfficerPSOE, to which Europa Press has access harden fines To both companies and managers within the framework of Competition Law.
In this way, companies that act in violation of the legislation, In a minor case, they can be punished with a fine of up to 10m euros if the offense is serious and up to 50m euros if “very serious”.as are belong to a cartel. Current regulations allow light fines to range from 100,000 to 500,000 euros; The serious ones between 500,001 euros and 10 million and the very serious ones over 10 million.
About worldwide billing
However, whenever possible, Penalties will be calculated based on the company’s worldwide turnover. and not total as currently edited. Thus, taxes will be calculated on 1% of the worldwide turnover of the company or association of companies participating in the cartel; low up to 5% volume and very low up to 10% volume. These percentages represent in many cases a higher amount than the fixed fines recommended by the PSOE, especially for very serious offences. For example, in the case of a company billing 1,000 million euros worldwide, fines would range from one million to 100 million euros.
On its part, the PSOE amendment increases the fine for each of the directors of the offending company from 60,000 to 400,000 euros. The Socialist Group argues that as part of the governing bodies, people who do not attend the meetings before a decision that allegedly violates the law or who vote against or protect their vote will be exempted from this fine.