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I can relate, EU VAT would be a prime example of needless bureaucracy and paperwork. All that time wasted collecting, calculating, paper shuffling around in ord
by yc1010 12y ago
I can relate, EU VAT would be a prime example of needless bureaucracy and paperwork. All that time wasted collecting, calculating, paper shuffling around in order to get VAT right, is time not spent on actually running your startup
Yes one can pay accountants but that means increasing your costs and complicating your business from day 1
If they want more startups, they could for example exempt companies lets say with under half a million in turnover from having to waste so much time and energy on everything VAT related
Instead of focusing on making a profitable product/service and then worrying about taxation, startups have to worry about taxes from day 1.
Hell the EU are even now trying to get companies/people from outside the EU who do not live or work here be captured into the beuracratic pit via VAT MOSS
- TheOtherHobbes 12y agoThe idiotic VAT proposals were actually the fault of individual govs, not of the EU as a whole. The EU plan was to exempt small businesses. But for god-only-knows what reason - I'm not ruling out petulance because they'd be losing tax breaks - some of the member states vetoed this.
- _delirium 12y agoIs who vetoed that proposal public information?
- TheOtherHobbes 12y agoNot so far as I know. But considering that one of the main losers was Luxembourg - which is where many EU companies base themselves for the tax breaks - it's not unreasonable to wonder if that was one of the names on the list. Of course, the details should be public, and it's no one's credit that they're either hidden or hard to find.