4 ms·

You’re clearly not from a Latin American country. I am both Latin American and European. The experience in Latin America is that you can’t make it no matter ho

You’re clearly not from a Latin American country. I am both Latin American and European. The experience in Latin America is that you can’t make it no matter how hard you try. So much paperwork. And you have to pre-pay taxes! (Anticipos) I am also European. And sure Spain has much bigger safety. But Latin American inherits its dysfunctional bureaucracy from Spain. UK / US culture is free and unleashed.

MattGaiser 6y ago
> And you have to pre-pay taxes! Before you make money, you need to pay tax?
- nottorp 6y ago
  > Before you make money, you need to pay tax? In countries with corrupt and/or incompetent tax authorities, they try to introduce a fixed tax amount / pay in advance scheme for ... reasons ... where they can. Usually they squeeze freelancers first. Or random liberal occupations. In Romania freelancers and landlords have to prepay taxes based on last years' income, for example. With the exception of some kinds of freelancers that they just gave up on and make them pay a fixed amount per year. Freelancers prepay taxes in Greece too, as far as i know.
  - anonfornoreason 6y ago
    You have to prepay in the USA as well based on previous year taxes. It’s called making safe harbor, and there are penalties if you don’t.
    - nottorp 6y ago
      So if your income drops compared to last year, you're screwed two ways in the US as well? For example, if you lost student renters due to Covid and remote learning.
oblio 6y ago
So I guess you're saying it's much easier to be an entrepreneur in the UK/US. Aren't most people employees, though?
- mucholove 6y ago
  Nope. Not saying that. For the high tech case...in Spain, an employer can’t provide stock options to employees. The Silicon Valley case where the first few dozen employees become millionaires is not an option in Spain. For low-level employees, many are employed in the black market and enjoy no privileges. Because of this they get no credit, phone lines and numerous other benefits that extend to being legal. They can’t make the jump. These problems extend to Dominican Republic where they exist but are even worse. US / UK is better for hard working, and smart people be they employees or employed people. Anecdotally, I know so many stories of Dominicans who move to USA and begin to work so hard because they finally get compensated and rewarded for previously unacknowledged work. You hear this everywhere. Dominicans become hard workers in USA.
Bakary 6y ago
It's free and unleashed in the sense that the cost is paid elsewhere

MattGaiser 6y ago

> And you have to pre-pay taxes! Before you make money, you need to pay tax?

nottorp 6y ago
> Before you make money, you need to pay tax? In countries with corrupt and/or incompetent tax authorities, they try to introduce a fixed tax amount / pay in advance scheme for ... reasons ... where they can. Usually they squeeze freelancers first. Or random liberal occupations. In Romania freelancers and landlords have to prepay taxes based on last years' income, for example. With the exception of some kinds of freelancers that they just gave up on and make them pay a fixed amount per year. Freelancers prepay taxes in Greece too, as far as i know.
- anonfornoreason 6y ago
  You have to prepay in the USA as well based on previous year taxes. It’s called making safe harbor, and there are penalties if you don’t.
  - nottorp 6y ago
    So if your income drops compared to last year, you're screwed two ways in the US as well? For example, if you lost student renters due to Covid and remote learning.

oblio 6y ago

So I guess you're saying it's much easier to be an entrepreneur in the UK/US. Aren't most people employees, though?

mucholove 6y ago
Nope. Not saying that. For the high tech case...in Spain, an employer can’t provide stock options to employees. The Silicon Valley case where the first few dozen employees become millionaires is not an option in Spain. For low-level employees, many are employed in the black market and enjoy no privileges. Because of this they get no credit, phone lines and numerous other benefits that extend to being legal. They can’t make the jump. These problems extend to Dominican Republic where they exist but are even worse. US / UK is better for hard working, and smart people be they employees or employed people. Anecdotally, I know so many stories of Dominicans who move to USA and begin to work so hard because they finally get compensated and rewarded for previously unacknowledged work. You hear this everywhere. Dominicans become hard workers in USA.

Bakary 6y ago

It's free and unleashed in the sense that the cost is paid elsewhere