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As a proponent of North American small businesses to just stop doing business with the EU my motivation doesn't stem from the ignorance of the system rather the
by chx 8y ago
As a proponent of North American small businesses to just stop doing business with the EU my motivation doesn't stem from the ignorance of the system rather the knowledge if it: the fines will be issued by the relevant authorities of each and every EU state according to their own interpretation. Certain countries might see this as a neat little cash grab opportunity.
- geocar 8y agoIncorporating in the UK is a great way to stop this. The ICO is extremely reasonable and personable in my experience.
- chx 8y agoEver heard of Brexit?
- geocar 8y agoIf Brexit has any impact (which is unlikely, but admittedly still unclear[1], [2]), incorporating again in Ireland or France is very easy and has similarly-minded regulators. [1]: http://researchbriefings.files.parliament.uk/documents/CBP-7838/CBP-7838.pdf http://researchbriefings.files.parliament.uk/documents/CBP-7... [2]: https://www.ft.com/content/afff45a0-1597-3f1c-a6da-79c3f61e6d2c https://www.ft.com/content/afff45a0-1597-3f1c-a6da-79c3f61e6...
- zeth___ 8y agoThis is exactly what I mean. Europe has functioning government that can't be fathomed on the other side of the Atlantic.
- derReineke 8y agoI just don't see the EU giving fines to American small businesses. What kind of money could they expect to get out of them? I'm curious though, what EU countries do you think are so desperate for money that they would basically extort American small businesses?
- chx 8y agoHungary for sure! (I'm a dual Canadian-Hungarian citizen.)