What is EU Inc.? The European Commission proposal aims to make it easier to start, grow and expand a business across the EU with simpler rules, digital registration and fewer barriers.
Backed by the European Commission under President Ursula von der Leyen, EU Inc. could allow companies to register within 48 hours for less than €100, attract investment more easily and operate across the EU under a more standardised framework, while national tax, labour and social rules continue to apply.
In this video:
00:00 Why expanding across the EU is complicated
00:16 What is EU Inc.?
01:02 Register a company in 48 hours for less than €100
01:20 Funding and investment
01:37 Tax, labour and social rules
02:07 What happens next
02:22 A simpler EU Single Market
They should get rid of the income tax and just have a wealth tax. And also a national gains tax for companies: you make money in the country = you pay tax on that money in the country you made it. Then companies like Goolag and Macroslop can’t just send the money to another country and pay taxes there.
But social contributions… nah. That has to stay. That’s definitely worth it. Just because you’re a small business doesn’t mean your employees should work in precarious conditions.
The data is very clear. See in particular in terms of how people need to be relieved:
In that order. Note that lower social contributions can (and should) just be balanced via the federal budget.
But since people vote for parties that will never do this and all but ignore parties that would, people will continue to get screwed.
I’m not suggesting social contributions should go. But that’s the cost of doing business and as such a lot of smaller enterprises simply can’t afford to do business. It becomes a bigger money game. Which I think is problematic.