That's all well and good until that rich person/corporation has applied some creative accounting to create a net loss on the books, thus negating their fine.
Day-fines calculations here in Germany are calculated from monthly income after tax, with some fixed basic-living deductions. I do not think there is anything more you can deduct from it - but it is clearly intended for persons not corporations.
But with the usual limitation of a maximum of 360 days and the min/max limits being 5/30'000 EUR the absolute amount of a maximum 360-day fine can vary between EUR 1'800 and EUR 10'800'000.
Such systems can be made, they can work and I think they can be made loophole free.
