The European Commission expects to raise the cap on future fines against software giant Microsoft to $3.8 million a day should the Redmond, Wash.-based company continue to fail to comply with a 2004 antitrust ruling, Reuters reports.The news comes from a “diplomatic source” who spoke as European Union competition regulators gathered to discuss the appropriate fine to levy against Microsoft for its past failure to comply with the 2004 decision, according to Reuters.The commission did not provide Reuters with an official comment.The commission is set to meet on Wednesday to make its final decision, and union Competition Commissioner Neelie Kroes will announce the news in a press conference following the meeting. If a fine is handed down to Microsoft, it will be the first time the commission has issued a penalty against a company for failing to meet an order meant to cease an abuse, according to Reuters.The current limit on daily fines is $2.5 million, Reuters reports. Whatever amount the commission decides to penalize Microsoft, it will come on top of the $637 million in fines already handed down in 2004 by former Competition Commissioner Mario Monti.Under European Union law, the European Commission can fine a company as much as 5 percent of its daily turnover during its previous year of business, according to Reuters.In 2005, Microsoft’s total turnover was $40 billion, which breaks down to roughly $110 million a day, Reuters reports.Related Link: Microsoft Could Face E.U. Fines of $2.5MThis article is posted on our Microsoft Informer page. For more news on the Redmond, Wash.-based powerhouse, keep checking in.Check out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content News Amazon to lay off 9,000 more workers, including some at AWS The latest round of Amazon layoffs will impact AWS, Twitch, advertising and PXT, CEO Andy Jassy said. By Jon Gold Mar 20, 2023 3 mins Technology Industry Cloud Computing BrandPost What’s next for network operations Broadcom: 2023 Tech Trends That Transform IT By Serge Lucio, Vice President and General Manager, Agile Operations Division Mar 20, 2023 8 mins IT Leadership Networking BrandPost Digital transformation obstacles: Stubborn challenges, what to do about them Value Stream Management is an increasingly essential approach to strategic transformation initiatives. To help teams more fully capitalize on the opportunities it presents, Broadcom is holding its third annual VSM Summit. By Marla Schimke, Head of Product and Growth Marketing, Broadcom's Enterprise Software Division Mar 20, 2023 3 mins Devops Software Development Feature CEO directives: Top 5 initiatives for IT leaders As organizations change course with economic gyrations, collaboration between IT and business becomes priority No. 1 for CEOs. By Stacy Collett Mar 20, 2023 7 mins IT Leadership Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe