Truthfully, starting a bootstrapped company in
has huge advantages (when compared to other countries):
- Public healthcare
- Free-trade agreements with
- None of the red tape and bureaucracy of the
- Federal small business tax rate is 9%
- Banks offer USD accountshttps://twitter.com/SloanCam/status/1319341446596595716 …
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I was under the impression tax is just as awkward between states of America?
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I'm no expert nor I'm processing an incredibly big volume of $$$, but once I turned 18 I had to figure out how to actually do taxes for my stuff and it wasn't as hard as it seemed (as long as you have someone to explain it to you)
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Restrictions on where you can host your data, cookie laws, and other privacy laws slow everything down. Also: VAT compliance, GDPR compliance.
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Taxes: totally. Privacy laws: nah, I just believe everyone implements them in an over complicated way. GDPR laws had the purpose to make the stuff more transparent. People chose to make it "transparent" with super non transparent legal texts and popups.
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I honestly believe you can be compliant with a brief but super clear page that explains what you do with the users data. It sure would be much more in the spirit of the GDPR law than those texts no one understands.
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I thought about your Tweet for a while and even deleted a "no that hard in the EU" tweet before sending. You are simply right. Sure, you can do it and we managed to handle it but it wasn't easy at all.
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Your incorporation costs vs Canada/UK are crazy. You can incorporate a limited company for < $100 here.
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What taxation do you have in mind? Do you mean European countries in general?
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Wydaje się, że ładowanie zajmuje dużo czasu.
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