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The taxes are a huge problem. The labour regulations, I think less so. The taxes on wage income are why you can't get two European engineers for the price of o
by impossiblefork 2y ago
The taxes are a huge problem. The labour regulations, I think less so.
The taxes on wage income are why you can't get two European engineers for the price of one American engineer, and are I think, why there hasn't been a software industry exodus to European, or a European software explosion.
If you could actually pay out what people bring in, I think we'd had an enormous software industry, because the jobs would have been so attractive. The typical European tax on wages isn't an obvious crisis when companies use capital, but when what's productive is labour itself, then it is.
- JumpCrisscross 2y ago> taxes are a huge problem. The labour regulations, I think less so I’d invert this. Taxes aren’t a huge issue for start-ups. Not being able to pivot by changing team composition is. Add to that the random EU-specific AI regulations, and it becomes a clearly second-tier place to launch from unless you have the political connections to land national champion status, e.g. Mistral.
- hot_gril 2y agoI wouldn't say it's mainly the taxes either, except that every startup's lifeline is the potential of future acquisition, which taxation might hurt.