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EU–INC – A new pan-European legal entity

eu-inc.org

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Re: EU–INC – A new pan-European legal entity

#611

Post by sib »

trueismywork wrote: post #419
miki123211 wrote: post #344

Earlier quoted context omitted.

I think what's even more important is that the costs for founding and maintaining such an LLC should scale with revenue, including scaling to 0 . In many EU countries, you still have to pay social security and/or health insurance, even if your company brings in no revenue. This isn't supposed to be a problem, as you're not really supposed to officially start a business unless you cross specific revenue thresholds. Ho…

Startups but definition have no revenue. Its also a chicken and egg problem. Having a revenue means having a company and vice versa. Unless you're in very old fields, which explains lack of new tech companies in Germany

>> Startups but definition have no revenue

"Having no revenue" is definitely not the definition of a startup. There are plenty of startups with revenue (and even profit!)

Re: EU–INC – A new pan-European legal entity

#612

Post by TeMPOraL »

miroljub wrote: post #460
lifty wrote: post #404

Earlier quoted context omitted.

I agree with your characterisation of what is going on, and at some point, the EU states will have to decide for full fiscal integration or for removing the common currency. You can't have a common currency without a common fiscal union. So we either have to integrate more or desintegrate more, this inbetween we have now is not working very well. Speaking as a European, not sure what is better.

Not related to the comment, but in general I agree with you. You can't have a single monetary system without complete unification, including tax systems, budgeting systems, governance models, retirement systems, benefits. I mean, you can, like we have now, but it's not sustainable, and eventually we all have it worse. As a European, I would not want to go that way, since I'm afraid such a unified EU will be a bureauc…

I recently became much more pro-total-unification, so let me give you this counterpoint: individually, European nations are no match to the major superpowers, neither economically nor militarily. We'll get gutted by divide-and-conquer approach. In contrast, bound much closer together (particularly with some form of pan-european armed forces), the EU would become a proper global superpower and a counterbalance for the USA and China.

Re: EU–INC – A new pan-European legal entity

#613

Post by apexalpha »

lima wrote: post #596
tchalla wrote: post #534

Earlier quoted context omitted.

If only it were that. You have to put up 25000€ in capital and pay absurd amount of fees to the notary for essentially being a text to speech translator.

The minimum capital requirement is the whole point of a GmbH. If you don't want it, you can found a UG, which is the same thing with no capital requirement.

If both are the same what’s the point of having 2?

Re: EU–INC – A new pan-European legal entity

#615

Post by yencabulator »

lazide wrote: post #609
yencabulator wrote: post #600

Earlier quoted context omitted.

That's a very American approach. Just enable a grift economy existing purely because the original thing was bad. The Nordic approach is to make the original thing better. The end result is less wasteful.

Also smaller. The ‘waste’ also counts towards GDP, as long as the money keeps moving. Lots of people have built homes and families off it. What really slows an economy down is when money stops moving.

That's an argument for U.S. healthcare insurance industry being a good thing. Uhh.. no?

Re: EU–INC – A new pan-European legal entity

#616

Post by kvgr »

alibarber wrote: post #393
embedding-shape wrote: post #365

Earlier quoted context omitted.

I mean if you now live in Spain, then you need to pay taxes in Spain, because that's where you live. This makes sense, does it not? Or is the expectation that you shouldn't pay taxes where you live, only where your company that you work for/in is based? FWIW, I also live in Spain, and also pay "high taxes" as I'm in the highest income bracket, and it sucks to see large parts of your income and capital gains disappear…

I think they mean that the Estonian company they run now has to file tax returns and pay taxes not only to Estonia but also Spain. The company lives in Estonia. Yeah if they are taking income personally locally then that should go to the country of residence, as is normal. But then if what Estonia considers acceptable standards for tax reporting differs from what Spain considers acceptable, or what they consider 'pro…

Yeah, you should pay taxes from where the company is run. Basically if you have one person company. In a place it “does” business. But i want estonian company for the ease of doing business and for to hold profit, for reinvestment later. I dont want to deal with spanish/german authorities if i move around and want to grow business. No government competition is what they want. Because they cant win in square fight.

Re: EU–INC – A new pan-European legal entity

#617

Post by kvgr »

embedding-shape wrote: post #552
tga wrote: post #530

Earlier quoted context omitted.

Indeed, the current state of affairs is rather sad. To employ a regular (non-management) employee in Spain (and it applies anywhere else in Europe), an Estonian company would to at least have a local address, then register and maintain regular contact with several authorities there (chamber of commerce, social administration, tax office). The bureaucratic overhead makes it practically impossible to have employees acr…

> the only practical option The actual practical option people end up using in practice (speaking as someone who've moved around in Europe, working for various other European companies) is that you ask them to self-employ in the country they live, then you treat them as contractors, offset any extra costs that'd come with compared to full-time, and do the best you can with that. It's not ideal, and not a real solutio…

Yes, but some companies need employees on paper. When they do custom based software and want to apply for a job, there is often a number of heads you need to employ.

Re: EU–INC – A new pan-European legal entity

#618

Post by wolvoleo »

tick_tock_tick wrote: post #607
wolvoleo wrote: post #470

Earlier quoted context omitted.

At will employment is something we'll never accept here. We don't need the threat of having nothing from one day to the next. It's good for billionaires but not for actual people that matter. Running a business is not something everyone should have to do anyway. It's good if it's hard. That keeps the cowboys at bay. I would never ever want to own a business. I don't need that uncertainty. I just want a stable wage. T…

> The prevailing idea here is that the US is best at everything and its model will always win. But in reality it's been in decline for a long time and it's become a pretty toxic society I don't want to see here in Europe. If the USA is in decline you must consider Europe a failed state at this point then? Nearly every wealth inequality issue is worse in Europe then the USA. Youth unemployment has become a permanent f…

The EU is not a state.

And no, wealth inequality is much higher in the US: https://worldpopulationreview.com/country-rankings/wealth-in... . And those are averages, we don't have people making 100.000x more than others.

We also have wayyy less violent crime: https://worldpopulationreview.com/country-rankings/violent-c... , and much less people in prison per capita

LGBTQ+ rights are way better covered here (with the exception of a couple countries that should really be booted out of the EU). Also really important for me.

We're doing pretty good, we will have some challenges going forward but that's always the case. Military equipment is something that we're now buying a lot from the US where prices are really high, and once we move that to European vendors we can get a lot more for the same money (this is similar to how Russia manages to have so much military power on a country with a GDP similar to Italy: they make it themselves with their own purchasing power).

The one challenge to the EU is not to fall into the austerity trap as they did in 2007 though. And we don't need so much. I don't need or want a car, a big TV, daily takeaway coffees etc. Less consumerism is also a good thing.

Re: EU–INC – A new pan-European legal entity

#619

Post by bootsmann »

tick_tock_tick wrote: post #601
embedding-shape wrote: post #510

Earlier quoted context omitted.

Yeah, we've realized that, that's why we keep iterating on the union :)

Has it been effective though? The EU used to have a bigger GDP than the USA in 2008 now the USA is over 50% larger. Member nations are still dragging their feet on doing much of anything in the Draghi report and it's unclear if that will ever change.

This is a commonly cited stat but it is mostly an exchange rate phenomenon that disappears when you adjust for purchase power. If you go by comparing GDP in dollars the EU recovered almost half this gap last year simply from the dollar dropping in value.

Re: EU–INC – A new pan-European legal entity

#620

Post by kvgr »

mrtksn wrote: post #401
kvgr wrote: post #364

Earlier quoted context omitted.

Well the slovak goverment alone stole billions of euros. Stole. Imagine if we didnt have to pay all the farm subsidies to keep 5 goats in mountains. Or to pay hungary for lookout towers in the middle of nowhere.

Sound like you should go after the Slovak government

Well, isn’t the EU supposed to watch out for this? Taxe frauds with VAT are a big deal. And nothing gets done. But people making peanuts will get taxed to the tits…
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