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High time, these web3.0 IT companies pay for the fraud that they have been perpetuating. Waiting for a similar action on Uber too
by rammer 3y ago
High time, these web3.0 IT companies pay for the fraud that they have been perpetuating.
Waiting for a similar action on Uber too
- deleted 3y ago[deleted]
- FirmwareBurner 3y ago"But what about m'uh innovative and disruptive SV unicorns!? EU bad."
- metaphor 3y agoItalian citizens are quite capable of tax evasion without the aid of Web 3.0 services; it's apparently a "cultural" thing[1]: > The results show that the propensity to evade taxes is greater among households whose heads have low levels of education and income, are elderly and are resident in the South. Over time, the propensity to evade taxes has been growing on average, especially in the North, which has reduced the gap compared with the South, and among young people under 30 years old. The paper also shows a link between the propensity for tax evasion and some indicators of actual evasion, such as the use of cash and the under-reporting behaviour in the Survey of Household Income and Wealth (SHIW) conducted by the Bank of Italy, confirming the association between cultural elements and evasion behaviour. [1] https://doi.org/10.32057/0.QEF.2021.607 https://doi.org/10.32057/0.QEF.2021.607
- pjc50 3y agoThat's why the government wants witholding by AirBnB: much easier to keep track of than millions of individually evading landlords.
- crotchfire 3y ago[dead]
- petre 3y agoIt's common and a cultural thing in all South Eastern and to a lesser extent in Southern Europe. The most South East you go, the higher the tax avoidance.
- vasdae 3y agoI live in the South of Europe and I can relate: the working people work and pay taxes just so those who live on welfare can live off us. So obviously we evade as much tax as we can.
- radicalbyte 3y ago..and your nominal tax rates are really high but the effective tax rates pretty normal. The super-rich excluded of course.
- tgv 3y agoA country without roads, amazing.
- petre 3y agoNot really, only Agio Oros doesn't have roads. Well they do have a few dirt roads. The rest do have roads, they collect enough tax to support the infrastructure, some even manage to build new infrastructure. Usually when the authorities build infrastructure, the politicians also steal part of the taxpayer funds to enrich themselves. That's one reason why tax evasion is a cultural thing. The others are welfare and pension (unrelated to contributivity) freeloaders. So it's mainly as a form of protest.
- nickpp 3y agoThere must be some incredibly expensive technology in those roads, considering how much governments are taking from us to build them. I mean I can get a supercomputer in my pocket that allows me to access the sum of our civilization knowledge anywhere I am and to communicate with anyone of earth for a few hundred bucks and a monthly fee less than a meal, but roads?! Nooo, those are the real value at the center of our society.
- RyanHamilton 3y agoI would propose that low level tax evasion can be a good thing. Tax evasion is the main balance against corporate takeover and monopoly control via lobbying/evasion at scale. I mean if someone is generating little money why would you want to tax them. One reason the small firms today get taxed heavily is because they are an easy target. Physical presence = easy to find, small = easy to intimidate. Meanwhile for years FB/meta/apple evaded taxes on a huge scale and were barely chased. It doesn't seem like the tax regime has stopped large multi-nationals taking over most high streets or tech firms taking over the internet. As a concrete example starbucks paid zero tax for 3 years in the UK, meanwhile many many small coffee shops paid a lot. https://www.reuters.com/article/us-britain-starbucks-tax-idUSBRE89E0EX20121015 https://www.reuters.com/article/us-britain-starbucks-tax-idU...
- pjc50 3y agoThis is grey at the moment, but you have a good point; the cost of compliance (not just with taxes, but everything) tends to be constant for being in a particular market, and does not scale down with trade volume. It's one of my biggest criticisms of EU vs Anglo business culture is that EU countries tend not to have small business exemptions. And you can't really get new medium and large businesses without them growing through the small business stage. The ease of "forming a company" is a good marker. In the UK you can do it extremely cheaply with no minimum capital and very limited ID requirements over the web API. Italy has much harder requirements: https://uk.practicallaw.thomsonreuters.com/w-006-9469?transitionType=Default&contextData=(sc.Default)&firstPage=true https://uk.practicallaw.thomsonreuters.com/w-006-9469?transi... ; only recently (2012) did they allow companies with less than E10k of formation capital!
- gpderetta 3y agoOn the balance, the UK is better off with having a cheap LTD process, but as a downside, they are an easy way for less than reputable traders or small companies to avoid all liabilities and simply pivot to a new company when sued.
- inglor_cz 3y agoIn low trust societies, low trust extends to the government as well. Usually for a reason. Europe varies wildly on the trust metrics. This is a map from 2015. https://greekreporter.com/2015/11/02/greece-ranks-low-on-map-of-trust/ https://greekreporter.com/2015/11/02/greece-ranks-low-on-map...
- radicalbyte 3y agoA lot of that is things like the money you pay a babysitter or kid washing cars. It's not worth the effort to actually tax it. Then some rules are unfair: for example in my business the more hours I bill the more money the business makes. I can bill more hours if I hire a cook, painter or child carer. Only I'm not allowed to. I can understand why - this could be abused - but also allowing it might actually boost the economy. Those helpers would be earning money which would also be taxed. A lot of people have their parents around who do that unpaid which is the reason it isn't allowed.
- Nitrolo 3y agoWhy are you not allowed to hire a cook, painter or child carer?
- mschuster91 3y agoCan't deduct the expenses.
- fnordpiglet 3y agoJust the obligatory note this isn’t deductible in the US either.
- saiya-jin 3y agoChild care is deductible in Switzerland, but maybe its also due o the fact its so horribly expensive.
- lotsofpulp 3y agoChild care is deductible in the US too, for the vast majority of people.
- pjc50 3y agoNot allowed to use pre-tax money for it. You can do it with post-tax money just fine.
- lessbergstein 3y agoYeah whatabout Italian citizens? Why shouldn't we allow international corporations to socialize large parts of the economy with barebones middle man services and almost a complete lack of responsibility and liability to their customers and offer no services besides protecting themselves with Ai? This is clearly selective prosecution against the benevolent venture capitalists who never wanted to do anything but globalize the economy and enable commoditization of humanity. :(
- robertlagrant 3y agoHow is AirBnB web 3.0?
- HelloNurse 3y agoDisruptive finance and reimagined law compliance, apparently.
- maxlamb 3y agoAirbnb is considered a Web 2.0 company
- TheFragenTaken 3y agoWeb 3.0 was initially (among other things) about hyper local, mobile based (personalised), and often geo-location based services on the Internet [1], and more in general about the capabilities of the Internet, and a "web of data". Web3 is the hijacked hype term used in the cryptocurrency space. [1]: https://en.wikipedia.org/wiki/Semantic_Web https://en.wikipedia.org/wiki/Semantic_Web