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The core questions are: Why does a company want to be a US company and why would companies want to hire US employees? With those two lenses in place does this h
by jmward01 1y ago
The core questions are: Why does a company want to be a US company and why would companies want to hire US employees? With those two lenses in place does this help? The first one is a clear 'no', this makes companies not want to be US companies. For the second one it does give some reason but as others have pointed out, giving incentives and not penalties is generally a better way to do things since that doesn't remove a company's incentive to be a US company and gives them a reason to want to hire local. Similarly, ensuring the workforce is capable and competitive would be a better response because those give clear 'yes' answers to the two questions. Maybe invest in education instead of driving companies away with penalties? Nah. That's crazy.
- mikemcquaid 1y agoAs a Scottish former founder with a bunch of founder mates outside the US: > Why does a company want to be a US company A big part of this is “they want investment from US VCs which demand it”. Stripe Atlas and co. have made it easier and more popular than ever to have a US entity and e.g. Scottish entity and hire your engineering staff in the latter. Sounds like this may or may not be hit by this tax but it’d still be way cheaper to pay it given how much cheaper devs are over here.