7 ms·
Hmm so 1) the corporate tax rate and other tax benefits in many EU countries is much lower than the US (I imagine you must have heard of US companies using thei
by nodemaker 5y ago
Hmm so 1) the corporate tax rate and other tax benefits in many EU countries is much lower than the US (I imagine you must have heard of US companies using their European operations to dodge us taxes)
2) The quality of labor you can hire is generally higher in europe (for example its common knowledge that facebook london has better engineers)
I think what the us has is access to venture capital which i agree is difficult in europe.
- deertick1 5y agoI have a really hard time believing theres higher quality talent in Europe in general.
- oblio 5y agoWhy? The EU has a higher population than the US and it has many top notch universities. Europe tends to lose many of its tech talents to the US, but if you pay comparable salaries you'll keep them.
- kortilla 5y agoBecause on average all of the top talent goes to the US companies that pay an order of magnitude more than the locals (FAANG).
- pelorat 5y agoIn Europe college and university is cheaper (and in some places free). Also kids and younger persons are more tech savvy in Europe.
- ouchithurtsma 5y agoActual tax rate dont matter, the US system allows you to easily not pay any or very little, compared to Europe. Tax benefits are very little. Please show me a company in the US that pays 25% Corp tax + all the other stuff you have to pay in most European countries.
- JumpCrisscross 5y ago> show me a company in the US that pays 25% Corp tax In 2020, the companies in the S&P 500 paid an effective tax rate of 23.77% [1]. On average, it's about 25%. [1] https://csimarket.com/Industry/industry_Profitability_Ratiosc.php?&hist=4 https://csimarket.com/Industry/industry_Profitability_Ratios...