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A comment on Europe is now a corporate also-ran. Can it recover its footing?. Parent comment

Re:Europe is now a corporate also-ran. Can it recover its fo... by nodemaker on Friday June 11, 2021 @11:10PM (#27481149)
Hmm so 1) the corporate tax rate and other tax benefits in many EU countries is much lower than the US (I imagine you must have heard of US companies using their European operations to dodge us taxes)

2) The quality of labor you can hire is generally higher in europe (for example its common knowledge that facebook london has better engineers)

I think what the us has is access to venture capital which i agree is difficult in europe.

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Re:Europe is now a corporate also-ran. Can it recover its fo... by deertick1 on Saturday June 12, 2021 @12:32AM (#27481556)
I have a really hard time believing theres higher quality talent in Europe in general.
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Re:Europe is now a corporate also-ran. Can it recover its fo... by oblio on Saturday June 12, 2021 @01:59AM (#27481963)
Why? The EU has a higher population than the US and it has many top notch universities.

Europe tends to lose many of its tech talents to the US, but if you pay comparable salaries you'll keep them.

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Re:Europe is now a corporate also-ran. Can it recover its fo... by kortilla on Saturday June 12, 2021 @02:51AM (#27482217)
Because on average all of the top talent goes to the US companies that pay an order of magnitude more than the locals (FAANG).
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Re:Europe is now a corporate also-ran. Can it recover its fo... by sveme on Saturday June 12, 2021 @03:17AM (#27482344)
Hyperbole much? I earn around 100k€ in Munich. You‘re saying the local google or apple would pay me a million per year? Wow.
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Re:Europe is now a corporate also-ran. Can it recover its fo... by krakatau1 on Saturday June 12, 2021 @03:53AM (#27482536)
Well not million but 500-600k sure.
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Re:Europe is now a corporate also-ran. Can it recover its fo... by oblio on Saturday June 12, 2021 @05:54AM (#27483172)
My point was that there is local talent. Just pay US salaries and it will stay put.
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Re:Europe is now a corporate also-ran. Can it recover its fo... by pelorat on Saturday June 12, 2021 @05:43AM (#27483125)
In Europe college and university is cheaper (and in some places free). Also kids and younger persons are more tech savvy in Europe.
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Re:Europe is now a corporate also-ran. Can it recover its fo... by ouchithurtsma on Saturday June 12, 2021 @12:55AM (#27481651)
Actual tax rate dont matter, the US system allows you to easily not pay any or very little, compared to Europe. Tax benefits are very little. Please show me a company in the US that pays 25% Corp tax + all the other stuff you have to pay in most European countries.
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Re:Europe is now a corporate also-ran. Can it recover its fo... by JumpCrisscross on Saturday June 12, 2021 @06:47AM (#27483493)
> show me a company in the US that pays 25% Corp tax

In 2020, the companies in the S&P 500 paid an effective tax rate of 23.77% [1]. On average, it's about 25%.

[1] https://csimarket.com/Industry/industry_Profitability_Ratios...

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