GDPR fines wouldn't have to be shared - Dixon
Ireland would likely not have to share potentially billions of euro in fines from big tech companies for European data privacy breaches.
Data protection commissioner Helen Dixon told the Joint Oireachtas Public Accounts Committee (PAC) that any fines levied on Dublin-based tech giants would go exclusively into Irish coffers, if they are found to have breached General Data Protection Regulations (GDPR).
Please log in or register with Independent.ie for free access to this article.
Ms Dixon's office is pursuing 21 investigations into Facebook, Twitter, Apple and other US multinationals in relation to personal data.
Under 2018 powers, if a company is found in breach, fines could reach 4pc of the company's previous-year turnover. For Facebook, a fine could be €2bn.
"There has been a debate about whether all of that goes to the Irish Exchequer and whether that isn't shared across the EU member states," she told the Committee.
"At the moment, it's our understanding that it goes to the Irish Exchequer."