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Notices

1. LS (lain@lain.com)'s status on Thursday, 09-Feb-2023 23:47:51 JST LS
   since last year it has become nearly impossible to move out of germany if you own a business, as you have to pay taxes on your business as if you had sold it, so you get a substantial tax bill without actually having any more cash. It used to be that this didn't apply inside the EU, so a business owner could at least move around there without facing a huge bill, but this was changed.
   • LS (lain@lain.com)'s status on Thursday, 09-Feb-2023 23:52:56 JST LS

     in reply to

     • kaia
     @kaia it's always dangerous to toy with the entity that provides you with your passport
   • kaia (kaia@brotka.st)'s status on Thursday, 09-Feb-2023 23:52:59 JST kaia

     in reply to
     @lain so why not suddenly lose a bunch of money to an offshore company owned by you? :HazeSmug:
   • LS (lain@lain.com)'s status on Thursday, 09-Feb-2023 23:57:42 JST LS

     in reply to

     • grillchen
     • kaia
     @grillchen @kaia there are also businesses that have a high-ish valuation but next to zero cash, like startups.
     
     i was in a similar situation once when i got (non-publicly traded) stocks after the company i worked at got sold. I had to take a credit to pay my taxes on the stocks, even if i couldn't realistically sell them to anyone at that time for the price that they valued them at.
   • grillchen (grillchen@brotka.st)'s status on Thursday, 09-Feb-2023 23:57:43 JST grillchen

     in reply to

     • kaia
     @kaia @lain funnily enough this also applies if the business is practically unsellable right?
     
     like if ur business tied to your face u cant sell it easily
   • LS (lain@lain.com)'s status on Friday, 10-Feb-2023 00:03:30 JST LS

     in reply to

     • kaia
     • \\
     @slash @kaia tax office will say this was a fake sell and you'll have to pay taxes on a fantasy valuation that they will do for you. Same as the tax office tells landlords that they are not charging enough rent and they have to pay taxes on whatever is 'normal' in the area.
   • \\ (slash@cdrom.tokyo)'s status on Friday, 10-Feb-2023 00:03:31 JST \\

     in reply to

     • kaia
     @lain @kaia this might be a great business model for someone out there though, sell your business legally to a third party for a few bucks and have the proof your business was worthless, then buy it back from said entity after you've moved under a formal arrangement with some nominal fee.
   • Curtis Rock (curtis@social.teci.world)'s status on Friday, 10-Feb-2023 00:18:54 JST Curtis Rock

     in reply to

     This is long-term suicidal for German system stability

     I call this institutional self-harm

     LS likes this.
   • LS (lain@lain.com)'s status on Friday, 10-Feb-2023 01:54:03 JST LS

     in reply to

     • 御shp :blobshp:
     @shpuld yeah
   • 御shp :blobshp: (shpuld@shpposter.club)'s status on Friday, 10-Feb-2023 01:54:05 JST 御shp :blobshp:

     in reply to
     @lain so no foreigner ever wants to start up in germany now?
   • LS (lain@lain.com)'s status on Friday, 10-Feb-2023 01:59:06 JST LS

     in reply to

     • 御shp :blobshp:
     @shpuld well, or germans, for that matter
   • LS (lain@lain.com)'s status on Friday, 10-Feb-2023 02:01:10 JST LS

     in reply to

     • 御shp :blobshp:
     @shpuld yeah, it depends on the business. but if it's something that has the potential to be international, it's better to just open it in estonia or the emirates
   • 御shp :blobshp: (shpuld@shpposter.club)'s status on Friday, 10-Feb-2023 02:01:11 JST 御shp :blobshp:

     in reply to
     @lain if it's a business for germans by germans they probably wont care
   • cell (cell@pl.ebin.zone)'s status on Friday, 10-Feb-2023 08:31:02 JST cell

     in reply to

     • l
     • 御shp :blobshp:
     @lain @shpuld >estonia or the emirates
     so we have to engage @lebronjames75 as a potential business partner got it
     LS likes this.