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EU Inc.: A new harmonised corporate legal regime

commission.europa.eu

51–60 of 99 posts

Re: EU Inc.: A new harmonised corporate legal regime

#51

Earlier quoted context omitted.

Hungary can leave the EU if it wants. Article 50 exists for this. If it wants to stay in the EU it has to adhere to the bloc rules. It is not forced to stay in the EU (and, in fact, getting rid of Orban would not be such a bad idea). Hungexit when?

Oh we all saw the true colors of the glorious and open and free-to-leave EU when Brits wanted to leave.

Yes we did, the UK just left.

Re: EU Inc.: A new harmonised corporate legal regime

#52
post #17

Will I be able to freely move between EU countries when I own such a company or will Germany tax 340% of the average profit of the last three years for doing so as they do now? People with German GmbH are essentially unable to move anywhere.

This is a legal framework, not a fiscal one, so presumably no.

Re: EU Inc.: A new harmonised corporate legal regime

#54
post #37

I don't like the limited liability construct. There needs to be full liability shared between all stakeholders.

Well if you want to kill all innovation and economic growth then full shareholder liability is one way to do it.

What kinds of innovations require protecting people from being held liable for harms that they participated in? Economic growth for whom and at whose expense?

Re: EU Inc.: A new harmonised corporate legal regime

#56
post #17

Will I be able to freely move between EU countries when I own such a company or will Germany tax 340% of the average profit of the last three years for doing so as they do now? People with German GmbH are essentially unable to move anywhere.

> 340%

Holy crap.

> People with German GmbH are essentially unable to move anywhere.

Well, that's not entirely true, but I can see how it might complicate things considerably.

Re: EU Inc.: A new harmonised corporate legal regime

#57
Would you invest in e.g. a Croatian startup?

I bet not, because you don’t know their laws, and you don’t want to litigate in Croatian. You also don’t know the tax implications and chance is you will only find out when it’s too late.

So if an EU Inc happens, it needs to be based on a shared English law, otherwise it doesn’t change much

Re: EU Inc.: A new harmonised corporate legal regime

#59

Earlier quoted context omitted.

Who does this?

That's the point: nobody except for dentists and lawyers. But it should be the norm.

Yeah it's interesting. For any activity where rich people care about outcomes, suddenly they want full liability.

We need to say no to diffuse harms and concentrated gains.

Re: EU Inc.: A new harmonised corporate legal regime

#60

Earlier quoted context omitted.

Hungary can leave the EU if it wants. Article 50 exists for this. If it wants to stay in the EU it has to adhere to the bloc rules. It is not forced to stay in the EU (and, in fact, getting rid of Orban would not be such a bad idea). Hungexit when?

[flagged]

States joining the EU agree to transfer some of their competences to the EU, in exchange for the benefits that being a member brings. They participate democratically in the EU decisions like every other member state. They even have veto powers in some cases. If they feel that it isn’t worth it anymore, they are free to leave.
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