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"I think it's time we just all acknowledge that the U.S. has the most onerous and insane financial laws in the world." You should really repeat this to an ital
by trumbitta2 13y ago
"I think it's time we just all acknowledge that the U.S. has the most onerous and insane financial laws in the world."
You should really repeat this to an italian (italian born in Italy, speaking italian as his first language, not italian born in New York) entrepreneur.
But please record a video then share it. I'd really like to see their face :D
- camillomiller 13y agoExactly. "Please, visit our country..."
- alexeisadeski3 13y agoThis is of course anecdotal: I just so happen to have spoken with a practicing Italian banker (in English), practicing financial professionals from several other Anglophone nations, and from Germany as well. (these conversations were friendly and not professional in nature - I was not seeking their services, should any future Treasury/IRS folks be reading this!) Never have I once - ever - heard a single one of them suggest even for a second that there is any financial/economic system as heavily regulated, asinine, filled through with bizarre rules, and just overall insane as that found in the US.
- PeterisP 13y agoItaly (and other EU) payment regulations are actually quite reasonable compared to USA. Now, Russia - that's a different ballpark; companies transferring significant money to/from abroad there involves not only tricky bureaucracy, but a bunch of hidden-gotcha-landmines as well; no wonder their companies tend to open a subsidiary in Switzerland or Crete or even Italy just to handle their money flow.
- trumbitta2 13y agoEvery single medium-sized company is fleeing from Italy towards East Europe because of: - taxes - mafia - masonry (the italian one, Grande Oriente d'Italia, is not as good as others) - taxes - less-than-robust legal system - taxes And, of course, also for the taxes.