Hacker News new | ask | show | jobs
by bigpeopleareold 1264 days ago
I was just thinking while reading this that with a country with a small population like the Faroe Islands, it is a bit harder to do regulatory capture. The impact is far greater and the established legacy is one towards simplicity than complexity. Changes are just felt more.

In my case, I think my taxes in Norway are easier to deal with as compared to filing US taxes just because there isn't much incentive to take advantage of the bureaucracy and procedures around it like in the US. It's a little complex in Norway, but I can and have guessed correctly what my tax burden would be outside what was directly reported to Skattetaten. I imagine it is even easier for tiny countries (or semi-autonomous regions) like what the Faroese have.