IMO Europe will lose its soul if it tries to be too competitive. Once it becomes too easy to start a business or raise capital, it becomes easy to spiral into workaholism. Gone will be the days of month long holidays and leisurely pace.
EU–INC – A new pan-European legal entity
241–250 of 761 posts
Re: EU–INC – A new pan-European legal entity
#242Re: EU–INC – A new pan-European legal entity
#243Local Taxes… the issue with EU is the taxes and cost of labour.
> the issue with EU is the taxes and cost of labour. 450 million and counting people would still prefer to live and work in the EU than anywhere else. Even more so with present geopolitics, to put it politely !
Listen i live in europe. But the amount of money wasted is huge.
Re: EU–INC – A new pan-European legal entity
#244Can't work legally speaking. There has to be a single sponsoring member state. Just sadly how the EU is designed. The only way would be to copy it individually so it is the same in each member state which breaks the purpose of it.
this isn't fully true yes you company needs to be rooted in a specific country, and sure moving company roots between countries is still not always trivial (anti capital flight laws are a thing). But that isn't really in conflict with a EU INC per-se. I mean they do point out that it will have > Local taxes & employment and this isn't in conflict with - the same business form being available in all EU members - centr…
> - Standardized investment documents
All investments I took part of implied a lot of back and forth on conditions adapted to the specific case, preferences, fears, etc. I have doubts that "standardization" can be reasonable achieved here.
> - Standardized EU-wide stock options
EU does not have attributions on tax, it's the national governments that do (see https://european-union.europa.eu/priorities-and-actions/acti...).
The issue with stock options are that they are taxed, so you will have to consider each country in particular.
Maybe you would like for EU to have tax responsibilities, but I wouldn't jump to that without thinking about the implications. As an example the Euro monetary union without a fiscal union can causes issues already (for some explanations check https://en.wikipedia.org/wiki/Fiscal_union).
Re: EU–INC – A new pan-European legal entity
#245Earlier quoted context omitted.
> My worry is that the end result will require Yes it will. The vast army of bureaucrats in any country does whatever is in their power to make sure their specific requirements are included into the process. What do you mean they would like to open a 3D printing workshop with no Environmental Impact Study done?!
You know that EU bureaucrats do what each country want them to do right? Each time the Commission comes with a new rule, most countries agree with it. And if its an "unpopular", the game for each gov is to blame the EU. https://en.wikipedia.org/wiki/Euromyth http://news.bbc.co.uk/2/hi/europe/6481969.stm
> You know that EU bureaucrats do what each country want them to do right?
I'n not entirely sure about that.
The vast majority of entrepreneurs are complaining about unrealistic requirements and inconceivable burdens in Germany. Certainly no one wants any of this. Yet somehow the rules pile up.
Re: EU–INC – A new pan-European legal entity
#246Isn't there already the SE (Societas Europaea) [0]? How does this differ? Would be good to address in the FAQ.
Re: EU–INC – A new pan-European legal entity
#247It's inordinately difficult and expensive to start an LLC or SA in some EU countries. It's even difficult and expensive to _stop_ an LLC and dissolve it. Huge amount of risk and cost on founders and a huge distraction from running a business. I think that EU-Inc _could_ be an improvement, but it needs to avoid the committee laundry list of ideas/requirements/form fields that plagues the EU startup ecosystem. My worry…
>My worry is that the end result will require notarized declarations of honour, financial plans stretching decades into the future, 30 page business plan documents, reams of corporate governance documents, and tons of other nonsense to protect against the perceived risk that someone who failed at starting a business once fails a second time. That sounds like a really good use for AI.
"It is a mistake to optimise something that should not exist in the first place." - Elon Musk (apparently, although I would be astonished if Deming or Ohno hadn't said something similar)
Re: EU–INC – A new pan-European legal entity
#248Unfortunately this does not override employment and tax laws - so you still cannot hire someone as an FTE in Paris, from a startup in Berlin for example (without them being a freelancer, or you opening a payroll / tax office in France). But hopefully we can move towards that - standardised taxation (especially VAT and corporation tax would help massively here), the abolition of notaries, standardised requirements for…
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Re: EU–INC – A new pan-European legal entity
#249Re: EU–INC – A new pan-European legal entity
#250This + abolish VAT. The amount of money stolen in VAT scams is jn bilions of euros.