31–40 of 116 posts
I heard that Sweden's high income tax actually incentivised startups, because the only way to get _seriously_ wealthy was through capital gains. Does anybody know whether that's true? If so, it really undermines the narrative that is somewhat dominant in Britain, that high income tax will disincentivize entrepreneurship and innovation etc etc
I heard that Sweden's high income tax actually incentivised startups, because the only way to get _seriously_ wealthy was through capital gains. Does anybody know whether that's true? If so, it really undermines the narrative that is somewhat dominant in Britain, that high income tax will disincentivize entrepreneurship and innovation etc etc
Earlier quoted context omitted.
I am the creator of this list. I chose to exclude gaming studios, because I don't really cover them in the newsletter, and have not really any good overview of that sector either.
A shame, because IMO Sweden has one of the better gaming start up scenes in the world as well.
I am a top-tier FP guy among other things.
Just read.
Are there any Swedish incubators similar to Y-Combinator that are facilitating startup growth?
Earlier quoted context omitted.
Aren't EMI options basically a scam? I never understood why company cannot just give an employee real shares. I was at a start up a couple of years ago and was promised these. Basically every month CEO had a new excuse that HMRC this or HMRC that. After a year and a half I decided to leave, because I understood I would never get any of that. Now when I see company offering EMI shares it is a clear red flag for me. E.…
EMI gives both tax advantages and means you owe no tax when being offered the option. 50k as a lump sum would be taxed as income (so, fairly heavily). 50k in shares might attract a similar tax bill to be paid directly by the employee far in advance of any chance of recouping the value of the shares. EMI itself is not a scam. Whether a company follows through on giving you the options in a reasonable timescale is anot…
That being said, £50k after all the tax is still better than £0 and if the £50k was paid as a one off bonus, you could pay it into SIPP without paying tax.
I remember when I asked them why I cannot get normal shares? They said that EMI will be better for me because I will save on tax. I said, why if I want to pay tax, it pays for our schools, hospitals, why should I be taking the advantage? So they said that the board don't want to do that, because it will create "a legal issue" when they will be looking for next round of investments.
So if any future employee reads that, if a company insist on EMI shares and don't want to give you real shares or money upfront, then jump the ship!
I heard that Sweden's high income tax actually incentivised startups, because the only way to get _seriously_ wealthy was through capital gains. Does anybody know whether that's true? If so, it really undermines the narrative that is somewhat dominant in Britain, that high income tax will disincentivize entrepreneurship and innovation etc etc
I heard that Sweden's high income tax actually incentivised startups, because the only way to get _seriously_ wealthy was through capital gains. Does anybody know whether that's true? If so, it really undermines the narrative that is somewhat dominant in Britain, that high income tax will disincentivize entrepreneurship and innovation etc etc
I heard that Sweden's high income tax actually incentivised startups, because the only way to get _seriously_ wealthy was through capital gains. Does anybody know whether that's true? If so, it really undermines the narrative that is somewhat dominant in Britain, that high income tax will disincentivize entrepreneurship and innovation etc etc
No idea about the situation in Sweden but generally speaking I'd say it depends a lot on whether "income" in "income tax" also includes capital gains.