European Taxes and Entrepreneurs
(Comment at Slashdot.org)
by Terje Mathisen - Been there, Done that.
[Re. Start your own company]
Before taking a one-year sabbathical (91-92) which I spent in the US, writing networking code, I had a company that sold terminal emulation/file transfer software. I sold enough licenses to make it one of the top 5 bestselling norwegian programs. During the last year the norwegian IRS grabbed 83% of every Krone I invoiced my customers.
At that point I realized that I'd much rather work less and spend more time with my wife & kids, so I closed the company.
Explains why so many people move to the U.S. to start a company.
Posted by: Chuck 2007-01-08 |