moocha | 17 years ago | on: When will local truly be on the web?
moocha's comments
moocha | 17 years ago | on: When will local truly be on the web?
moocha | 17 years ago | on: How to Jumpstart the Economy - Tax Free Small Businesses
moocha | 17 years ago | on: How to Jumpstart the Economy - Tax Free Small Businesses
moocha | 17 years ago | on: How to Jumpstart the Economy - Tax Free Small Businesses
moocha | 17 years ago | on: How to Jumpstart the Economy - Tax Free Small Businesses
moocha | 17 years ago | on: How to Jumpstart the Economy - Tax Free Small Businesses
Low taxes have helped somewhat (mostly by indirectly expanding the tax base) but the current economic situation (not very much affected by the global financial crisis) is a somewhat coincidental effect of the still large disconnect between the Romanian economy and the global markets.
What I'm arguing is that such a loophole will only create inflation by directing the indirect tax cuts to spending.
moocha | 17 years ago | on: How to Jumpstart the Economy - Tax Free Small Businesses
I live in Romania. Starting 1999 (IIRC) and ending 2006, there has been some very similar legislation in effect. The only result was a tremendous drop in income tax (which, admittedly, had been very high) since everybody and their grandma opened a small business, quit their job, and immediately came back to the same position as a consultant paid by their own company. Many employers applied gentle pressure in that direction since it got them cost cuts as well.
The clinch is that all these new small businesses contributed absolutely nothing new to the overall economy - the result was a net loss in taxes without economic growth to offset it - which is why the corresponding legislation was abolished in favor of a flat tax on income, profit, and so on (which, in turn, was quite successful at jumpstarting the economy.)
moocha | 17 years ago | on: Ask YC: Is VMWare a good buy?
Huh? They are extremely strong in data center virtualization - in fact that's where their main revenue comes from: http://www.vmware.com/products/server_virtualization.html
moocha | 17 years ago | on: XML vs. Google's new protobufs