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Exactly. One of my more frustrating lessons was the sheer amount of time I had to spend on Government related activities whilst running my previous business. I
by cik 7y ago
Exactly. One of my more frustrating lessons was the sheer amount of time I had to spend on Government related activities whilst running my previous business. I was already a Libertarian going in, but it only served to entrench my stance further.
Even when you outsource those things to accountants, lawyers, payroll company, HR, etc... you quickly come to realize how much time, money and effort goes into the cost of maintaining government-related compliance.
- puranjay 7y agoIt's even worse in my line of work because most governments, mine included, have just not caught up to the modern model of work. The legal frameworks for dealing with products that might be hosted in one country, have payments processed in another, and have customers from all over the globe are just wonky. I predict the country that understands the modern internet-enabled venture and creates laws specifically for them will benefit a great deal in the future. I'm told that Estonia is on that path, but I haven't studied it enough to affirm it
- cik 7y agoEstonia (heck, Israel too!) is really good at this - the problem is local tax law. Jurisdictions almost uniformly have rules and regulations such that decision making is deemed to happen in the jurisdiction of residence and declaration. This is more or less a worldwide phenomenon.