Re:I am done. I give up
by chrischen on Friday December 23, 2022 @07:34AM
(#34105111)
The US is prized because of its large market… not because it’s a tax dodge. The US dan cut off access to any company unwilling to pay local taxes just like how China forces any foreign company wanting to tap into its large market to give majority control to a local entity.
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Re:I am done. I give up
by uffndnjfncnc on Friday December 23, 2022 @08:04AM
(#34105329)
The EU is a large market too but startup founders aren't going there.
Re:I am done. I give up
by johannes1234321 on Friday December 23, 2022 @08:11AM
(#34105380)
EU has a market on legislative base, however in language, culture, ... it is split. It is very hard to build a company serving larger parts of Europe.
Re:I am done. I give up
by uffndnjfncnc on Friday December 23, 2022 @08:16AM
(#34105425)
Many American companies have done it. Instagram is very popular across the EU.
Re:I am done. I give up
by johannes1234321 on Friday December 23, 2022 @08:26AM
(#34105513)
They started with an American focus, holding doors open for others and once things were running expanded more actively. Also they were acquired after 1.5 years when not even having a Android app, which is more spread in Europe than US compared to iphone
The US is absolutely a tax dodge because of low capital gains taxes and low corporate tax rates.
Marginal personal income tax rates, which is what others keep comparing here, are only relevant for wage earners.
It's all relative isn't it? Singapore is a tax dodge, but I would't characterize low corporate income taxes as a tax dodge. How does one get money out of a corporation if not via marginal personal income tax rates?
Long term capital gains.