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> So yes it's burdensome but it shouldn't be something that you as a business owner should deal with. You have lawyers and financial advisors and staff for that

> So yes it's burdensome but it shouldn't be something that you as a business owner should deal with. You have lawyers and financial advisors and staff for that when your business become too complex. But how do the lawyers and advisors get the information? Someone has to collect it. Then, as someone collects it, it must be validated and/or reviewed in some way to be considered "trusted" in some regard. Then the other side - regulators - must have a way to spot check and confirm/validate the information which implies investigators and potentially field investigators. Since most companies aren't going to allow strangers to roam around the office, these investigators probably need to be escorted while on site. Unless your underlying goal is really "full employment via regulatory burden" and then this is on the right track.

ThomPete 11y ago
Problems like these are opportunities. An opening to build a business which helps making complexity easier. It's actually in many ways a feature not a bug.
- PKop 11y ago
  But for society, and the economy as a whole, these problems are "dead-weight loss" [0]. No productive output is created by jumping through the necessary hoops to comply with every increasing complexity. And there are opportunity costs to spending time and money on tax / regulatory compliance vs. the actual business. If your above statement was true, then wouldn't it be more true the more complexity we added to the system? Maybe instead of working till the middle of April [1] to pay the government our tax bill, we could be working half the year.. or longer? Surely all of that complexity would create even more openings for businesses wanting to solve the complexity problem... [0] https://en.wikipedia.org/wiki/Deadweight_loss https://en.wikipedia.org/wiki/Deadweight_loss [1] http://taxfoundation.org/article/tax-freedom-day-2015-april-24th http://taxfoundation.org/article/tax-freedom-day-2015-april-...
  - ThomPete 11y ago
    It is true the more complexity we add to the system. The more complexity the more problems the more opportunity. Of course a system can be so complex that becomes unworkable. But technology allow us to take a lot of that cumbersome complexity and make it trivial. Denmark has one of the most streamlined and optimized tax-reporting systems yet you don't see it nourishing because of that.

ThomPete 11y ago

Problems like these are opportunities. An opening to build a business which helps making complexity easier. It's actually in many ways a feature not a bug.

PKop 11y ago
But for society, and the economy as a whole, these problems are "dead-weight loss" [0]. No productive output is created by jumping through the necessary hoops to comply with every increasing complexity. And there are opportunity costs to spending time and money on tax / regulatory compliance vs. the actual business. If your above statement was true, then wouldn't it be more true the more complexity we added to the system? Maybe instead of working till the middle of April [1] to pay the government our tax bill, we could be working half the year.. or longer? Surely all of that complexity would create even more openings for businesses wanting to solve the complexity problem... [0] https://en.wikipedia.org/wiki/Deadweight_loss https://en.wikipedia.org/wiki/Deadweight_loss [1] http://taxfoundation.org/article/tax-freedom-day-2015-april-24th http://taxfoundation.org/article/tax-freedom-day-2015-april-...
- ThomPete 11y ago
  It is true the more complexity we add to the system. The more complexity the more problems the more opportunity. Of course a system can be so complex that becomes unworkable. But technology allow us to take a lot of that cumbersome complexity and make it trivial. Denmark has one of the most streamlined and optimized tax-reporting systems yet you don't see it nourishing because of that.