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I still don't get global taxes. In real life, how can digital startups keep track of global taxes? They simply ignore it, comply with them partially (hoping tha
by estebarb 7y ago
I still don't get global taxes. In real life, how can digital startups keep track of global taxes? They simply ignore it, comply with them partially (hoping that Tuvalu doesn't sue them) or what? I understand that Google or Amazon can hire lawyers all around the world, but for a tiny self funded startup? it seems like a minefield.
- Daishiman 7y agoYou outsource the service to a payments provider that does that for you. The _same_ way global corporations have accounting offices in every country they operate in, or the same way you buy standardized industrial components that comply with existing regulations. It is not ideal, but getting paid overseas is far from the largest barrier startups have to face.