Best Of

That’s the point. It’s a pain in the ass to setup a local corp over there, which is needed to optimize. Even harder to a get a local bank account to go with that corp. The whole VAT thing is a pain in the ass. Then try hiring a staff across multiple countries and see what that does. Europe has always made it very hard and administratively intensive for US companies to do business there.

VAT blows. I setup a company in Germany years ago, reason was we had some strong leads on European business, mostly in Scandinavia and Eastern Europe. Those sales came through and found a local manufacturer to make the product. They charged VAT on every unit and they would remit to the government. Since I had a German VAT #, anything that I invoiced in Sweden or elsewhere would not have VAT on the invoice and they wouldn’t pay for it. So I was sitting on a prepaid tax asset from manufacturing bills for which there wouldn’t be any easy way to offset unless I was invoicing German customers. Germany then audits me because I haven’t paid them much of anything myself and they think I’m avoiding paying them what I have collected from my customers. Had to go through a two year VAT audit where every BOL had to be printed and shown that it was not being shipped in Germany. End of the audit was no finding and they paid me back what I was unable to offset.

Fuck Germany, fuck Europe. Fuck VAT.

Lol, they love their VAT? Why? Consumers ultimately pay the full VAT in the end and don’t really have an opinion. Business has to keep track of inputs and outputs and remit along the way. Only governments love VAT because they get a good chunk of their sales tax upfront and it’s the business that gets stuck with the carrying cost of the governments money.

VAT is recoverable if you setup a local corp. Then you pay income taxes on the local corp.

Foreign companies will lose market share if they pass them on when their competition does not or doesn’t have to account for tariffs. That’s reality.

@Goduckies jumping in to shine Race's shoes.

My comments are directed at stone cold killers in Hamas and the shitheads that run cover for them

H admittedly doesn’t give a fuck about the “pour” families in the USA paying regressive taxes, but put a skinny kid from Gaza in a photo and the bigot just can’t help but bring up the Jews.

Real scumbag, this one.

UN food sitting on the dock

Hamas shooting people who try to get it

Hamas supporters blame the Jews

Water is wet