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Bitcoin! Devtools! How about lowering taxes? Have they ever considered aligning with the rest of the world to make it easier to do business, or they pretend t

Bitcoin! Devtools! How about lowering taxes? Have they ever considered aligning with the rest of the world to make it easier to do business, or they pretend to succeed being approximately the most hostile region for businesses?

wisethrowaway1 5y ago
Will they do something about the fact that when YC (to put a very random example) invests, they ask the recipient to move to US as EU regulatory environment is extremely hostile to startups?
- Kbelicius 5y ago
  What part of the EU regulatory environment is extremely hostile to startup? I really don't know but if I had to guess my guess would be worker rights and regulators that are unwilling to let startups enter whatever industry doing whatever they want while disregarding established rules. Happy to be corrected.
- PaywallBuster 5y ago
  The last few batches they started accepting people remote afaik? But the company is probably transferred to Delaware so the paperwork remains the same for IPO and stuff
netcan 5y ago
Please relax. You don't have to leave your politics out of it, but you can't just start slinging it around belligerently. Stick to context. Be polite.
- xondono 5y ago
  Belligerently? He is just rising a point. Government “innovation” subsidies move a lot of money into shinny “new” ideas, but in EU there’s no thought about how to create innovation itself. Just as an example, a friend of mine roasts coffee for a living. He is considering closing shop, because he is succeeding too much. At the point he is, he’ll be required to register as a business, which in Spain means he will have to pay ~300$ a month whether he makes money or not, plus 20% VAT and 20% in income taxes. Add to it the massive amount of time he’ll have to spend in paperwork (or paying someone another 100$/mo for handling it). Another good side job that will go to waste, instead of growing into a company. And it’s by no means an exception. I’ve work for tens of companies here, all of them have admitted to be flunking regulations intentionally to avoid costs during their creation to be able to exist.
  - throwaway739 5y ago
    Do you realize you are saying that companies shouldn't pay any taxes?
    - PaywallBuster 5y ago
      not really, you can run the business on your name and pay personal income taxes. Avoiding to create a separate entity which will carry additional compliance and tax costs is something else altogether, and some governments just make it too onerous
    - xondono 5y ago
      No I’m not, I’m saying that some tax systems make no sense. The only way to create a company in Spain is to flunk regulations. Some are meaningless and people ignore them all the time, some aren’t. Another example. When escape rooms we’re trending, me and some friends considered building one. One of the partners didn’t want to get into trouble on it, so he wanted everything by the book. Spanish regulation requires a business to specify their “economic activity” with a codified value. The list is in the thousands, with a lot of non defined ambiguous terms. Evidently “escape room” was new, so it wasn’t on the list (and it still isn’t). The closest was “gambling business”, which of course a escape room isn’t. It also has a lot more paperwork and additional taxes. Faced with this conundrum, we went around to the 3 or 4 escape rooms that were near enough to visit and asked them. Some of them just wrote a random number and called it a day. One of them was registered as a butchers… The legal exposure it represented was simply too big and we abandoned the idea. there was no good reason for that legal exposure. The statistics then are hardly surprising. Unemployment here is >14%, just to name one.
  - nottorp 5y ago
    > but in EU there’s no thought about how to create innovation itself. You mean "innovation" like the predatory monopolies that tend to form in "business friendly" jurisdictions? Just a random example because I had the page open: https://arstechnica.com/tech-policy/2021/09/big-isps-fight-to-save-exclusive-wiring-deals-that-limit-choice-in-apartments/ https://arstechnica.com/tech-policy/2021/09/big-isps-fight-t... So much innovation... Edit: the EU does have a problem with barriers to entry when starting a new business without gobs of funding, but the US solution is not a good answer to that.

wisethrowaway1 5y ago

Will they do something about the fact that when YC (to put a very random example) invests, they ask the recipient to move to US as EU regulatory environment is extremely hostile to startups?

Kbelicius 5y ago
What part of the EU regulatory environment is extremely hostile to startup? I really don't know but if I had to guess my guess would be worker rights and regulators that are unwilling to let startups enter whatever industry doing whatever they want while disregarding established rules. Happy to be corrected.
PaywallBuster 5y ago
The last few batches they started accepting people remote afaik? But the company is probably transferred to Delaware so the paperwork remains the same for IPO and stuff

netcan 5y ago

Please relax. You don't have to leave your politics out of it, but you can't just start slinging it around belligerently. Stick to context. Be polite.

xondono 5y ago
Belligerently? He is just rising a point. Government “innovation” subsidies move a lot of money into shinny “new” ideas, but in EU there’s no thought about how to create innovation itself. Just as an example, a friend of mine roasts coffee for a living. He is considering closing shop, because he is succeeding too much. At the point he is, he’ll be required to register as a business, which in Spain means he will have to pay ~300$ a month whether he makes money or not, plus 20% VAT and 20% in income taxes. Add to it the massive amount of time he’ll have to spend in paperwork (or paying someone another 100$/mo for handling it). Another good side job that will go to waste, instead of growing into a company. And it’s by no means an exception. I’ve work for tens of companies here, all of them have admitted to be flunking regulations intentionally to avoid costs during their creation to be able to exist.
- throwaway739 5y ago
  Do you realize you are saying that companies shouldn't pay any taxes?
  - PaywallBuster 5y ago
    not really, you can run the business on your name and pay personal income taxes. Avoiding to create a separate entity which will carry additional compliance and tax costs is something else altogether, and some governments just make it too onerous
  - xondono 5y ago
    No I’m not, I’m saying that some tax systems make no sense. The only way to create a company in Spain is to flunk regulations. Some are meaningless and people ignore them all the time, some aren’t. Another example. When escape rooms we’re trending, me and some friends considered building one. One of the partners didn’t want to get into trouble on it, so he wanted everything by the book. Spanish regulation requires a business to specify their “economic activity” with a codified value. The list is in the thousands, with a lot of non defined ambiguous terms. Evidently “escape room” was new, so it wasn’t on the list (and it still isn’t). The closest was “gambling business”, which of course a escape room isn’t. It also has a lot more paperwork and additional taxes. Faced with this conundrum, we went around to the 3 or 4 escape rooms that were near enough to visit and asked them. Some of them just wrote a random number and called it a day. One of them was registered as a butchers… The legal exposure it represented was simply too big and we abandoned the idea. there was no good reason for that legal exposure. The statistics then are hardly surprising. Unemployment here is >14%, just to name one.
- nottorp 5y ago
  > but in EU there’s no thought about how to create innovation itself. You mean "innovation" like the predatory monopolies that tend to form in "business friendly" jurisdictions? Just a random example because I had the page open: https://arstechnica.com/tech-policy/2021/09/big-isps-fight-to-save-exclusive-wiring-deals-that-limit-choice-in-apartments/ https://arstechnica.com/tech-policy/2021/09/big-isps-fight-t... So much innovation... Edit: the EU does have a problem with barriers to entry when starting a new business without gobs of funding, but the US solution is not a good answer to that.