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> What makes this a problem in the U.S., but not in Europe? Setting up a business in Europe (for example in the Netherlands) requires significant paperwork. In
by rbultje 3y ago
> What makes this a problem in the U.S., but not in Europe?
Setting up a business in Europe (for example in the Netherlands) requires significant paperwork. In the US, it's done in a few seconds. In the US, it requires years of court proceedings or (in this case) government agency investigation to shut down a business. (No idea how long that takes in Europe, but I hope your governments are more powerful than this.)
Regulation can be a good thing.
- bluGill 3y agoRegulation is a double edge sword that often comes back to bite you. So is lack of regulation. It is really hard to find the right balance. It being hard to start a business in Europe means that they are not as innovative, but they also miss out on many scams.
- pembrook 3y agoI can assure you, people running robocall scams out of Nigeria and Morocco could care less about the ease-of-incorporation in the territories where their victims are located.
- Nextgrid 3y agoThey still need a way to accept payments and ultimately funnel money out of those territories, and when moving lots of money, a corporation is very convenient. You can work around it of course but this ultimately reduces the profitability of the scams, so better due diligence around companies still fights scams by making it less profitable.