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Exit Tax: Leave Germany before your business gets big

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Re: Exit Tax: Leave Germany before your business gets big

#121

Post by croes »

refurb wrote: post #116
jmyeet wrote: post #92

The developed world is increasingly facing a funding crisis brought on by this propaganda that if we tax corporations and the very wealthy then they'll leave. One of the most farcical examples of this is the decades-long race to the bottom on business taxes and incentives between Kansas City, Missouri and Kansas City, Kansas. For the non-Americans out there, this is basically one city but it sits at the border of two…

> I'm really sick of this "the businesses will leave" propaganda. I don't think anything you've said convinces me it's propaganda. Businesses are profit-seeking ventures. They will optimize their operations to maximize profits. So I'm not sure why you'd call it "propaganda" to say that companies will leave. I think the evidence is that they will. Of course, taxes are not the only variable in a profit-maximizing formu…

The US have something similar just for citizens and greencard holders

https://www.greenbacktaxservices.com/knowledge-center/exit-t...

So should greencard holders flee the US before they become too rich

Re: Exit Tax: Leave Germany before your business gets big

#122

Post by WalterBright »

littlestymaar wrote: post #112
WalterBright wrote: post #67

When businesses are fleeing, you're doing something very wrong.

Yes, it means you have opened the capital, goods and service market way too much and businesses are now abusing that to avoid their basis civil duties.

The best civic thing a business can do is provide a valuable service and thereby make money. Just look at all the wonderful things we have as a result - airplanes, internet phones, air conditioning, cars, agriculture, movies, AI - the list is endless.

Re: Exit Tax: Leave Germany before your business gets big

#123

Post by WalterBright »

v5v3 wrote: post #111
WalterBright wrote: post #108

Earlier quoted context omitted.

> As USA is the main destination for IPO Why do you think that might be? Perhaps the Germans could make their IPOs more business friendly, so they have no reason to flee.

Germany is a smaller country with 70 million people or so. USA has multiples of that at 300million people or so. Many companies will float in New York but also have secondary listings in their home country. If they created a single EU wide stock market it would compete much better.

Germany has been an enormous economic powerhouse in the past. It can be so again.

Re: Exit Tax: Leave Germany before your business gets big

#125

Post by kanbara »

malthaus wrote: post #124

you could have shortened your advice to: "leave germany"

not sure how useful this is. germany is a great place to live, safe, with great infrastructure and access to europe, good food, lots of personal freedoms, orderly society, few overtouristic’ed cities, and a thoughtful populace for the most part.

Re: Exit Tax: Leave Germany before your business gets big

#128

Post by tonyhart7 »

WalterBright wrote: post #123
v5v3 wrote: post #111

Earlier quoted context omitted.

Germany is a smaller country with 70 million people or so. USA has multiples of that at 300million people or so. Many companies will float in New York but also have secondary listings in their home country. If they created a single EU wide stock market it would compete much better.

Germany has been an enormous economic powerhouse in the past. It can be so again.

why you acting like its not true now??? it still economic powerhouse (at least best on continent)

Re: Exit Tax: Leave Germany before your business gets big

#129

Post by vjvjvjvjghv »

WalterBright wrote: post #107
vjvjvjvjghv wrote: post #71

Earlier quoted context omitted.

I call BS on this statement. And German healthcare isn’t even free.

Of course. And historically, US health care costs rose at about the rate of inflation until the late 1960s, where the curve tilted strongly upwards at a much higher rate, and continues today. What happened in the late 1960s? The advent of "free" healthcare!

Which free health care caused US healthcare to get so expensive?
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