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by sbacic
2671 days ago
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The VAT directive on digital goods most certainly did not come into effect in the last year or so. > US companies all have had a huge advantage "only" being under the (at the time very criticized) DMCA while European companies had to abide by local laws, often in multiple jurisdictions. So we agree that Europe, in general, is a worse startup environment compared to the USA? Also, I think it's pretty disingenuous to claim that large companies like Apple or Microsoft got big because they didn't pay taxes in Europe. > Any of these companies could have been really big domestically, if it wasn't for it being hard to grow and easy to get bought. They were big domestically. They were even significant internationally. Just not nearly enough to match US companies. |
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I didn't, that is another story. I am saying that they had an easier time than they should have competing with and acquiring any European competition by effectively having a ~30% advantage and discount.
> They were big domestically. They were even significant internationally. Just not nearly enough to match US companies.
They all except Spotify got acquired before they could potentially become big companies. If you want to have large companies with thousands of employees in Europe they have to survive as domestic companies. Spotify had potential to become one, but at that point the Stockholm housing market was already in a bubble. https://www.ft.com/content/bdf04bc2-6a0f-11e6-a0b1-d87a9fea0...