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It's not the Welfare State but bureaucracy and tax greed. Today I've read a blog post by Jesús Encinar, CEO of idealista.com, the go-to site for renting and bu
by narag 15y ago
It's not the Welfare State but bureaucracy and tax greed.
Today I've read a blog post by Jesús Encinar, CEO of idealista.com, the go-to site for renting and buying real state in Spain. The article is in Spanish, short summary below):
http://www.jesusencinar.com/2011/06/10-ideas-concretas-para-que-haya-mas-startups.html http://www.jesusencinar.com/2011/06/10-ideas-concretas-para-...
"Ten ideas to promote startups in Spain"
- Limited liability
- The State shouldn't keep VAT returns for a year.
- Not overtaxing employee's stock (taxed 47% for employees)
- Not overtaxing business angels
- Easy foreign workers recruit
- Limit the need for licenses for everything.
- Lower freelancers taxes
- Lower startup social security burden
- Remove 1% tax on capital ampliations
- Stop attacking Internet sector
These are only the titles. Reading the details is depressing. Some of what you take for granted in the USA is impossible or infeasible here.
The basic idea is that, in order to startup, you must pay tons of taxes and licenses from the start, even if you're not earning a cent.
- jasiek 15y agoI agree with your tax greed argument. In Poland, the state will take any and every opportunity to increase tax revenues, while doing nothing to cut expenses. I'm not sure how it works elsewhere in the EU, but here you have to pay VAT on unpaid invoices as well, effectively making you liable for your customers' inability to pay. This, coupled with the fact that courts are inefficient and generally extremely slow in rulings (in the case of delayed payments), is a sure recipe for disaster.
- narag 15y agoYes the unpaid bills is the same, it's in the article. The problem with the courts is not, but it indeed happens.