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There is one currency, there are no import taxes, VAT is per country. (assuming EEC) This ofcourse assume that you are operating in one country and providing go
by KaiserPro 11y ago
There is one currency, there are no import taxes, VAT is per country. (assuming EEC) This ofcourse assume that you are operating in one country and providing goods to another. Employment is another issue.
Thats almost the same as in the US(excluding employment).
The issue of low taxes is frankly utter bollocks, yes the US's taxes might be lower but so is your life expectancy, and productivity.
The main issue with startups is that most of europe is based on trade. What can I sell to you for a profit, what can I invest in that will give a decent return with a balanced risk?
Most tech startups fail. Most tech startups are clones of another well established startup. Those startups do not make money.
Why would I invest in something with such a terrible likleyhood of return?
- tosseraccount 11y ago"productivity is lower" ??? wtf? https://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28PPP%29_per_hour_worked https://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28PP... We're Number 3 !!!! Life expectancy appears to be about what is the European Union. U.S. is 79 years ( source: https://en.wikipedia.org/wiki/List_of_countries_by_life_expectancy https://en.wikipedia.org/wiki/List_of_countries_by_life_expe... ) ( Euro stats: https://en.wikipedia.org/wiki/List_of_sovereign_states_in_Europe_by_life_expectancy https://en.wikipedia.org/wiki/List_of_sovereign_states_in_Eu... ) Europe doesn't have import taxes? what? Did you fact check any of your statements?
- SneakerXZ 11y agoNobody says it is impossible, you can provide goods to other country with EUR but you are competing with other markets. French local company has advantage over German company that tries to sell good in France because French company has smaller shipping cost (it is not unified through EU), they offer localized goods, they have local visibility, they know local laws, they can provide localized support and these things are hard when you are new company and you want to grow.
- switch007 11y agoThere are 11 currencies in the European Union.
- walshemj 11y agonot any more - there are few sensible hold outs
- noelsusman 11y agoThere's still a much larger difference in both laws and culture between European countires than between American states. Also, much of what you said doesn't make much sense. Lower life expectancy and productivity? Are you arguing that investing in startups is irrational and Europeans realize this while Americans don't?
- kuschku 11y agoInvesting in startups is irrational, just like investing into the housing market in 2005 was. Or like investing in any bubble, really. When companies get funding of millions without actually having anything, then it’s a bubble that will burst.
- adventured 11y agoUS productivity is among the highest on earth. Alabama's GDP per capita, is higher than Italy. US economic growth is routinely far beyond that of Europe. UK, Germany, France, Finland, Denmark, Spain, Portugal, Greece, Italy, Russia, Austria, Poland - haven't net grown their economies since 2007. US unemployment is almost half that of the EU (and is half that of the Eurozone). Life expectancy is on par with the EU, and is higher than Europe as a whole. Russia - by far Europe's biggest country - only has a life expectancy of 70 years. You would invest into start-ups, because the few that succeed produce vast returns, and even among the failures the ecosystem as a whole produces massive knock-on benefits that spur innovation and overall economic growth.
- jakozaur 11y agoUK, Germany and Poland grown since 2007: https://www.google.pl/publicdata/explore?ds=d5bncppjof8f9_&ctype=l&strail=false&bcs=d&nselm=h&met_y=ny_gdp_pcap_pp_cd&scale_y=lin&ind_y=false&rdim=region&idim=country:POL:GBR:DEU&ifdim=region&hl=en&dl=en&ind=false https://www.google.pl/publicdata/explore?ds=d5bncppjof8f9_&c... Poland grown 47% in GDP PPP between 2007 to 2015. Much more than USA (14%).