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I wonder when people say this sort of thing how much time they spend on tax compliance. I have a company in the UK and one in Australia, and man, it is a MINEFI
by T2_t2 8y ago
I wonder when people say this sort of thing how much time they spend on tax compliance. I have a company in the UK and one in Australia, and man, it is a MINEFIELD. Very little of what one knows translates very well, as each country has its own quirks.
The USA is like that on STEROIDS. You can have 3 levels of income tax. that's insane! I can't image the costs of being complaint with that - not least of which is the cost of making an accidental mistake. I doubt many small businesses want to be experts in {INSERT STATE HERE}'s tax regulations and laws. Far easier to avoid the headache if at all possible.
And if you don't think that is the case, imagine instead of states it was countries. How much does a US company want to deal with Haitian laws?
- ajross 8y agoSure it's complicated. All I'm saying is that it's significantly less complicated and expensive than hiring a full time engineer. People don't think like this, but hiring a salaried person is a ~$1M transaction in typical cases. Would you be willing to go through that red tape for a sales contract that would net $1M in revenue? Of course you would. So refusing to do it for an employee is being pennywise and pound foolish, and says something deep about your level of respect for your employees.
- Klathmon 8y agoBut they had other prospective employees as well. The choice wasn't "hire someone or don't hire someone", it was "hire someone that will complicate taxes and cause more expenses, or hire someone else of similar salary and skill that doesn't cause those issues".