The Left Party says "there shouldn't be any billionaires." With Germany gearing up for an election, the far-left force has launched a new tax plan — though it will most likely never get a chance to implement it.
Setting up a company abroad isn’t just a loophole—it’s a system feature. The EU’s slow cooperation isn’t accidental; it’s a deliberate design to protect capital mobility for the wealthy while governments feign helplessness. Taxing millionaires first? Sure, but only if we stop coddling them with “economic growth” excuses.
Evaluating companies isn’t “too subjective”; it’s underfunded by choice. Bureaucracy in the Netherlands isn’t the problem—inaction is. If wealth taxes were shut down as “unfair,” why not fix the system instead of abandoning it? The middle class paying for systemic failures isn’t justice; it’s exploitation.
And small businesses making 1-2 million annually? That’s cherry-picking exceptions to justify inaction. Most small business owners are barely surviving, not gaming tax systems like billionaires
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).
Setting up a company abroad isn’t just a loophole—it’s a system feature. The EU’s slow cooperation isn’t accidental; it’s a deliberate design to protect capital mobility for the wealthy while governments feign helplessness. Taxing millionaires first? Sure, but only if we stop coddling them with “economic growth” excuses.
Evaluating companies isn’t “too subjective”; it’s underfunded by choice. Bureaucracy in the Netherlands isn’t the problem—inaction is. If wealth taxes were shut down as “unfair,” why not fix the system instead of abandoning it? The middle class paying for systemic failures isn’t justice; it’s exploitation.
And small businesses making 1-2 million annually? That’s cherry-picking exceptions to justify inaction. Most small business owners are barely surviving, not gaming tax systems like billionaires
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).