3 ms·
And your startup is now a company, but also a tax collecting office. You are forced also to be a tax collector, collect money from your clients, keep it safe an
by pvaldes 5y ago
And your startup is now a company, but also a tax collecting office. You are forced also to be a tax collector, collect money from your clients, keep it safe and pay it to the mobs... to the government before 100 days, either you have it or not.
Your customers, of course, hate it. Will hate YOU for that.
And will try to press you to forget VAT all the time. This system introduces a incredible amount of anger and friction in the process of selling a product, that must to be as straightforward and easy as possible. And is a bless to the bigco competitors.
That leads us to the parallel VAT-less market that will be created in no time.
- rad_gruchalski 5y ago> You are forced also to be a tax collector, collect money from your clients, keep it safe and pay it to the mobs... to the government before 100 days, either you have it or not. Well, you raise an invoice with VAT on it, you get paid, you put the VAT money on the side because it is NOT YOUR money and you pay the VAT to the financial system. Your invoice goes into accounting only when it's paid. Can you explain what's wrong with that? > Your customers, of course, hate it. Will hate YOU for that. 160 countries around the world have VAT / GST. Haven't seen widespread "HATE" anywhere.
- pvaldes 5y ago> Haven't seen widespread "HATE" anywhere. I'm really happy for you. Could you repeat that to my customers, please?
- rad_gruchalski 5y agoThat’s fine but how could I possibly do that without being introduced?