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The banks in Ireland are another affair entirely, but in terms of government regulations, things are surprisingly light weight for a country in the euro zone, a
by herge 14y ago
The banks in Ireland are another affair entirely, but in terms of government regulations, things are surprisingly light weight for a country in the euro zone, and are probably better than the US in many domains.
As I heard a startup founder say recently: "One of the strengths of Ireland is that we will happily adopt the business practices of any foreigner in replacement of whatever use to stand for business practices the country had in the '80s."
- lucaspiller 14y agoAlso the commercial taxes here are ridiculously low for the EU, which is why a lot of multinationals have their EU operations here: http://en.wikipedia.org/wiki/Corporation_tax_in_the_Republic_of_Ireland http://en.wikipedia.org/wiki/Corporation_tax_in_the_Republic... And: http://en.wikipedia.org/wiki/Double_Irish_arrangement http://en.wikipedia.org/wiki/Double_Irish_arrangement
- raverbashing 14y agoOn the other side, income tax is one of the largest in Europe. http://en.wikipedia.org/wiki/Taxation_in_the_Republic_of_Ireland#Rates_of_income_tax http://en.wikipedia.org/wiki/Taxation_in_the_Republic_of_Ire...
- qwerta 14y agoIncome tax is actually very low. In many countries tax is masked various ways. For example there is 'social insurance' and 'health insurance' calculated from income and de-facto is income tax. Also your employer has to pay 'contributions' which also depends on your income. Real income taxation in country like Germany is typically between 50% to 80% for any decent software developer.
- raverbashing 14y agoYou're right, several things can be considered 'income tax' even though not called that way. Didn't know that for Germany, interesting. I guess the point is: compare cost of life and take away salary rather than raw salary figures. Still, lower take away salary may be a handcap in attracting talent.
- objclxt 14y agoIt would be quite funny, although also given the tax structure pretty much inevitable, that if/when Stripe launched their product in the EU they set up a Irish subsidiary to take advantage of those tax arrangements.