The US is less one country than the EU members are and we are a long way off of becoming one.

Most of the world also requires annual reports to be made public

Yeah ofc, it’s another way of funding a company and the investors want their return on investment as well. Our savings, pensions, index funds etc are also investing in these publicly traded companies and we also want whatever roi we can get.

Governments just need to do their fucking job to prevent ani consumerism. But considering there are still a lot of people defending stupid rules and regulations (especially about anti consumer practises in the US) I doubt it will change anytime soon.

Or just sell the non processed eggs that’s easier since they don’t need to be refrigerated

Can we also sue Musk and Trump for their bullshit if we don’t live in the US? Fuckers like that are destroying more than just the US

It’s so dense and stupid to generalise everybody. It’s not like the US has more than 2 parties to vote on and the country is already having an us vs then mentality which cause people of the “other side” to disprove of anything the “other side” does. Does comprise even exist in US dictionaries?

No it isn’t people investing and expecting massive ROI are already part of the problem. They are driving companies to generate as much profit as possible.

You need a salary of 350k a year after tax which is like a 700k salary before tax. Or more likely you need a good company and yeah they will be evaluated for a sale for in the milions, but generally that is incorrectly counted towards your net worth. Since you are counting future income from the company towards your net worth.

Yup, but most people have savings or some kind of pension, both are often put into the stock market by the bank or pension fund to give us the interest we want.

We need to try and exercise more of our power as stakeholder in these companies, in the end we still have the power to not use products from these massive corporations. Stop order from shit like Amazon, but go and order from smaller stores, switch search engine and browser, etc.

Meanwhile Google wont even update street adresses that are 10+ years wrong ffs

It’s calles the Gulf of Mexico, people should stop using different names in different languages and use the actual name.

Like The Netherlands is called The Netherlands and two of it’s provinces are called Holland

The US requiring credit cards is part of the problem why people have money troubles. It’s a lot less transparent than just using bankcards (or cash). The whole credit system mostly benefits older people and richer people than starters. It should be that if you don’t have debt your need to pay monthly on you should be able to take a mortgage for the max amount. In the end if I can spend 1000$ a month for a mortgage and I have zero other monthly loan payments I should be able to get a loan which requires a payment of 1000$.

Edit: budgeting using a free tool like Actual Budget can help you give some more headspace

That whole box 3 system was shut down by the government following a judge.

We need more checks on the system required to keep companies in check. Aka accountants, like I said getting enough is already and issue.

And no I am not talking about outliers, but I have no way of proving it either due to the rules I am bound to I cannot share information about my clients. But there are multiple who use 2, 3 or maybe 4 BV’s to be more tax efficient. But that is mostly inside the same country. Go and order some annual reports if you want to see more data, sadly for this they are pretty empty.

You have a different view then me and that is fine. Believe what you want, but until I see different in practise I aint gonna believe that wealth tax made ik the way most of us want is going to be possible let alone make economic sense

They are working for a reason to fix the Box 3 tax system, but the judge made them stop the next year.

Call it what you want that people can abuse international structures. It is legal and it’s going to stay legal for a while since there are also valid reasons to setup an international structure. Especislly for bigger companies.

Evaluating companies is subjective or well at least for the sale of the company it is. The seller will always value his work a ton and the buyer will always under value that work. Then there are also synergystic effects that will affect the value. Ow what do you think of evaluating hard to sell stock? Or living stock like animals? Even then a balance sheet is still a snapshot of a company.

Idk if you have ever done any valuations yourself, but standardising them is pretty hard. It is possible to some degree for which I agree. Now if you find a good way to do that efficiently and fair to everybody please let me know then I can pass it on. Or if you know some good ways to fix the capacity in accounting let me know. (Not bookkeeping)

I am not Cherry picking situations, just think about it. Upto a revenue of 15 million (actually it can be more, but let’s just stick with that 15M) I can hope that you can make a profit of 1 or 2m a year. Often you will split this between multiple companies for tax and security reasons, but consolidated it should earn you a pretty penny. There are outliers and I also have seen companies who have 30-40m revenue (which we consider medium sized companies), but only 1 or 2m profit every year.

More people working in the accounting field is an upside to me so I am all for it. If we need to start evaluating companies every year it would be beneficial to me and the company I work for (assuming we can get the capacity).

Look for say 20-30k you can set up a company in a different country with lower tax rates and move your profits there. That’s what a lot of companies do to make it so they can pay less taxes. You need multiple countries to cooperate (something the EU is doing on this front, but it takes forever to adapt everything). It’s way easier to tax the millionaires more, they have fewer options to bypass taxes using complicated structures (over multiple countries). I am saying start there, because that will help governments close the gap in their budget.

Evaluating anything is subjective, that’s why they often do at least two evaluations when a company is being sold. At least here in NL, where we don’t spend a lot of the military and the Ukraine war is only 2200 km away. We do buy out farmers to reduce the amount of farmers to lessen the CO2 emissions of our country, but that is beside the point. As I said, our old wealth tax system was shut down because it was unfair. The tax office in NL assumed everybody had a 4% interest on their savings (above 30k) and other assets that fell in that category and that was taxed. Due to the interest being below 4% (or even being negative) people were taxed unfairly. Including a lot of the middle class who already pay a lot of taxes. Finding other people who are willing to work in accountancy or as evaluators are hard to find. I love my job, but a lot of people think it’s boring or have other wrong ideas about the job.

At least here in NL and other countries with a social security system that is complicated people mess up when doing their taxes or applying for their social security. I sadly see it way to often even with clients of mine. That’s more my point with that the bureaucracy can be to complicated.

You are wrong that every small company or company owner is struggling to survive. Some are yeah, especially once who have had a lot of issues due to COVID and gotten COVID support they need to pay back. Others are making 1 or 2 million profit per year or more. A small company in The Netherlands is a company with below 50 full-time employees, less than 7.5m balance sheet total and less than 15m revenue. This caused these people to pay less taxed percentage-wise than say a working middle-class person and this was easier to do something about. I would love to see somebody like Musk to pay 99% taxes on every dollar he makes, but I am sceptic that it is feasible and I think we should start with easier stuff. That is more my point.

The market wanted thinner phones and most people want wireless earbuds anyway.

It’s not that it isn’t the biggest market it’s just that it’s not big enough to be worth while. An 8 year old Android is not going to be supporting all apps, which often makes it unsuitable for people as well. That doesn’t help the whole ordeal either.

Probably because people (like audiophiles) buy things like the Fiio M15S or cheaper alternatives if they really want good sound quality. Idk any who wants to spend 1100 euro on a MP4 player that is bigger than most phone’s, but hey.

Edit: I mean so the market does exist yes, but it seems to be filled by things like MP4 players (running Android) and old iPods with flash mods.

Most people don’t have a dedicated carpet vacuum anyway since carpet has been declining in popularity for decades now. Part of that is because something like a wooden/PVC/Tile floor is easier to clean and because of that it can be slightly better for your health incase of having a house dust mite allergy.

But based on your comment I sense you do have a lot of carpet in your house, but even then I don’t see people using a dedicated vacuum for it. They just have a normal vacuum like a Henry or something. (Most common international vacuum iirc)

Yeah you can do that, but often companies keep track of the purchase value minus depreciation. Which means that something like a building is on the balance sheet for 1m, but the actual value might be 10m. the equity is basically the assets minus the liabilities which should be the value. However, paying dividend to the shareholder will lower the equity, but it will earn the shareholders money. So I would see a lot of companies doing that to lower their equity to pay less taxes.

Evaluating intellectual property is also pretty hard to do. Generally it has an original value and you depreciate on it as well.

All of the above depends on the country, the size and type of company it is, but generally it is pretty similar. Across the western world.

Look, the bilionaires will always have ways to get out to pay the least amount of tax possible. There is almost no way to combat that because they have the money to setup a company in another country and setup structures to pay less.

You can however get more income tax from the companies below that. The medium to large sized companies with millions of profit. But it is not feasible to do a taxation for every company every year, it is impossible. There aren’t enough people working in the fields who would be responsible for those reports. (evaluators, accountants, etc.). Evaluating a company generally costs 10-20k minimum.

Idk how it is in other countries, but yeah it’s more like bureaucrazy than bureaucracy here in NL. So you want to add even more bureaucracy into the entire structure? There are other ways of stopping businesses from abusing the system and governments are working to help fix the issue. But evaluating companies is just not gonna be a good structure for it. It’s way to subjective and in general wealth tax has been shut down by legal systems. Like here in NL, the legal system shut down the previous box 3 wealth system because it was against human rights. And the government and legal system are more separated here in NL than in say something like the US.

Also a lot of small business owners do take loans from their own companies (if it is something like a BV/Ltd). Sometimes we talk over a couple thousand, sometimes it’s a couple 100k and sometime’s it;s one or more millions and I mainly work with small to medium-sized companies.

What phone do you have then?

Apparently the market is not big enough for phone’s to really exist with all the features everybody want for an acceptable price. Otherwise more options with good sound quality and SD card slots exist. But the nature of how DAC’s works is that it is hard to fit that in a slim phone and especially if you want long battery life etc.

Maybe taking two devices is a bit stupid, but on the other hand you can also ask yourself how often you can leave your phone at home or wherever when you want to listen to music.

I would also prefer a phone that has a good DAC, has a SD card and has good working apps. So unless Apple is going to start making that again (they never will), I’ll probably stick with an iPhone and a separate audio device or wireless buds/headphone. Android is not for me and finding the correct Android is a bullshit mess. But I know of others who are interested in an Android device with a good DAC.