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I'm honestly surprised that no country has seen the massive opportunity to pull ahead here economically. Given the that the legal clusterfuck for tech companies
by malandrew 13y ago
I'm honestly surprised that no country has seen the massive opportunity to pull ahead here economically. Given the that the legal clusterfuck for tech companies continues to snowball, it is only a matter of time before more and more tech companies start asking themselves if the US is the right jurisdiction to set up shop. I would imagine that Lavabit and Silent Circle are having this conversation now.
If I were in the congress or parliament of some progressive country, I'd start outlining a ton of bills on privacy, patents, etc. with the goal of creating an economic safe haven for many types of tech companies. Since software is eating the world, it seems like it would be one of the most attractive economic opportunities to develop. Iceland is the obvious choice for this, but I would hope that Germany would jump on this. On top of bills that support the economic environment for tech, I would add a ton of bills surrounding support for foreign nationals who want to move to the country to found and build such companies. Give software and hardware engineers a fast track to citizenship and a decent tax structure on gains from the companies they build, then give VCs decent tax benefits on their gains.
This is as good an opportunity as any for some countries out there with a decent but still subordinate tech economy to take two steps forward.