4 ms·
> There are some countries (I guess in EU) that make some plans to try to create offerings to move Israeli startups to their countries. Be very careful about t
by TacticalCoder 3y ago
> There are some countries (I guess in EU) that make some plans to try to create offerings to move Israeli startups to their countries.
Be very careful about the EU. There's a reason there's only one big software company, SAP, and that their product both sucks fat balls and their market cap is still tinier than tiny compared to the SV usual suspects.
The EU is typically not a welcoming environment for entrepreneurs. Taxes and paperwork are through the roof and god forbid you succeed for the rich are nearly universally hated.
The latest development is that although the EU has no fiscal competence the EU Commission will draft a rule so that a yearly tax on wealth shall be imposed in every single EU country. At first it was supposed to be a yearly tax on those worth more than $50m but now it's already changed to "tax the 1%" (which is a lot of people). The goal of the tax is to bring in more revenues annually than the entire yearly budget of the UE (which represent a sizeable portion of each EU country's GDP): I did the math and it's pure insanity.
The EU is overall a place that'll bleed you dry.
- EliRivers 3y agoDo you mean this? https://ec.europa.eu/commission/presscorner/detail/en/ip_23_3741 https://ec.europa.eu/commission/presscorner/detail/en/ip_23_... Where the next stage is a petition of one million signatures from ordinary people, after which the commission must "react", which can include telling them they're not interested. A petition. That can then be shot down.