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by matwood 38 days ago
A fourth alternative is to leave, and a fifth is to not start a company at all.

Now you understand why the USA deploys 3-4x the amount of VC capital compared to the EU. And prior to the current administration, entrepreneurs mostly wanted to get to the US.
2 comments
weird-eye-issue 38 days ago
Are you aware that the US charges an exit tax if you choose to renounce your citizenship? And if you do not renounce it, they will tax you no matter where you live in the world?
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matwood 38 days ago
Yep, and it’s still worth it for a multitude of reasons. Business formation is easy in the US, and taxes are generally lower than other places. Current administration not withstanding, most people don’t want to leave once they get to the US.
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amadeuspagel 38 days ago
As far as I understand, the US taxes its citizens whereever they live (the third alternative I mentioned).
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Chu4eeno 38 days ago
There's various exclusions and credits to avoid double taxation.
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