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EU considers calculating X fines by including revenue from Musk’s other firms (arstechnica.com)

submitted 4 weeks ago by [email protected] to c/[email protected]

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[–] [email protected] 19 points 4 weeks ago (1 children)

he's the one whose blurred the lines between the businesses.

taking funds from one to pay for the other regularly.

I'd say the EU has every right to do it this way.

[–] [email protected] 3 points 4 weeks ago (1 children)

Corporations do this regularly. Using funds from one branch of their business to prop up others. That's neither new or illegal in the EU.

[–] [email protected] 2 points 3 weeks ago

you're right, it's not. but when legally attempting to distinguish where one company ends and the other begins, it's up to the court to judge based on liquidity between the two.

if you run company A B and C and have money flowing from A to C and C to B and B to A, the feds might think you're laundering money.