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EU Inc.: A new harmonised corporate legal regime

commission.europa.eu

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

#81

Post by pyuser583 »

okanat wrote: post #18
dmitrygr wrote: post #9

Earlier quoted context omitted.

As UK showed, leaving EU is hard and EU will fight you on it as well as seek to penalize you

EU didn't fight UK. UK fought EU to not lose their exorbitantly privileged status and benefits while leaving the club itself. They wanted to have their cake and eat it too. When they realized and decided that they will get none of the benefits, the finalization of the exit took merely weeks. EU is a huge privilege / opportunity for smaller countries. EU-6 doesn't need the other ones to be the second biggest market. I…

Press made it pretty clear one of the EU’s goals was to ensure nobody did this again. That fits the word “punishment.”

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

#82

Post by pyuser583 »

ronsor wrote: post #20
woadwarrior01 wrote: post #16

Earlier quoted context omitted.

I think the question really is: What's better? One giant bureaucracy or 27 smaller (and competing) bureaucracies?

Well, we've proven the 27 smaller, competing bureaucracies are creating plenty of their own issues. It's not like the US where 50 states (and yet more territories) actually compete on simplifying corporate law and offering strategic advantages. Corporate law is inherently somewhat bureaucratic; better simplify it and unify it if proven necessary.

Why aren’t European countries competing on better corporate law?

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

#83

Post by freefaler »

iknowstuff wrote: post #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

You can definitely invest trough a holding company set up in Ireland or in other lower tax jurisdiction and pay less tax that way. Even if you invest in a Croatian startup you can wrap in a UK structure to have the British courts available. Or you can structure the deal to include the British court as a venue for conflict mitigation. Also Irish courts are comparable and since 2020 have remote hearings (thank COVID). Either way, your main risk is not the law, but startup market risk.

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

#84

Post by Brajeshwar »

With the naming of “28th Regime”, I think they should have named it like “0th Regime”, or “Zero Regime”, or “99th Regime.” What if another country or two or more are added in the future? They will be on the 29, 30th, and so on.

Question: Anyone know if this is open internationally or is just for European Residents?

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

#85

Post by jnurmine »

pyuser583 wrote: post #80
jnurmine wrote: post #74

Earlier quoted context omitted.

No, EU is not the root of the problem, whatever the problem is. For example, countries are stronger, more resilient and business is more effective together than everyone trying to do it alone. And of course the EU is not perfect and there is room for improvement. In my experience, one concrete problem is that so many people misunderstand or are unaware of basic things about the EU and why EU even exists. With the for…

It sounds like a system with little democratic buy-in.

It's not universally so, but is more like that in some parts of Europe.

It's mostly a branding issue, in my opinion.

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

#86

Post by riffraff »

Brajeshwar wrote: post #84

With the naming of “28th Regime”, I think they should have named it like “0th Regime”, or “Zero Regime”, or “99th Regime.” What if another country or two or more are added in the future? They will be on the 29, 30th, and so on. Question: Anyone know if this is open internationally or is just for European Residents?

AFAIU it's just for EU residents, it's supposed to tie in with the local tax/labor/etc code, it just replaced the corporate law part.

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

#87

Post by general1465 »

geff82 wrote: 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.

> tax 340% of the average profit of the last three years

Go into loss on purpose for 3 years, then move. If law is written literally, they will calculate negative tax and thus pay you for moving away.

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

#88

Post by matthewmacleod »

woodpanel wrote: post #61
victorbjorklund wrote: post #49

Earlier quoted context omitted.

Yes, they were free to leave. No one stopped them from leaving the free trade area and having the exact same status as any other random country in the world. Or did you mean that Uk wanted to leave EU but keep all the good benefits? Like canceling Netflix and bitching about not being able to watch the latest series.

[flagged]

This didn’t happen. I know you have a fantasy it will be hard to disabuse you of, but that was an issue all of the UK’s own making.

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

#89

Post by Yizahi »

dmitrygr wrote: post #9
matthewmacleod wrote: post #5

Earlier quoted context omitted.

That obviously makes no sense. A club isn’t a sovereign entity just because it has rules. Hungary is free to leave the EU and set a border policy that conflict with EU law if it wishes - but if it wants to remain part of that organisation, particularly one that has open borders thorough The Schengen area, then of course it needs to follow the rules.

As UK showed, leaving EU is hard and EU will fight you on it as well as seek to penalize you

That is incorrect. Leaving EU is super easy. Leaving written accords with USA is hard, and that's what UK tried to pull off. Since the oligarchs pushing for EU exit to hide their black money were dumb, they forgot they have an agreement with USA making a UK-Ireland border transparent. And they basically spent 4 years trying to either tear down a USA deal or EU law, without having any leverage for either, since they are dumb. Since there no such things in other EU countries, their leave can happen much faster.

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

#90

Post by pakapica »

geff82 wrote: 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.

the exact reason why I moved out of germany after leaving there for 4 years
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