Shipping companies setup separate LLC’s for their ships so of they have an accident the ship goes bankrupt and they keep their profits shielded… that kind of stuff is bullshit
Yes. Like every system, there are those who abuse it. But you must be careful so that while trying to punish those abusers, you don’t end up creating avenues to also punish those who don’t abuse the system, but simply make a mistake. This sets a precedent so that the government can target the assets of the owner of the company if they’re not satisfied the company punishment, which doesn’t sound as cool when the company in question is your family’s bakery or your neighbor’s paralegal office.
I don’t know if this will be a big issue for small businesses. But in any case where there is construction of multiple companies in a structure to separate profits and losses for fuckery with taxes and fines, I think I would also be OK with that whole structure being seen as one entity and treated as such.
The billionaire class however is uniquely adept at this kind of fuckery and wield an ungodly level of power, only surpassed by governments. And I think governments need to be careful that these assholes don’t get too much power… so it’s high time they take them down a peg… or 10.
It will be an issue because your average citizen won’t be so willing to start a new business if they know the government can come after their personal funds as a consequence of something that was done at the company level.
Shipping companies setup separate LLC’s for their ships so of they have an accident the ship goes bankrupt and they keep their profits shielded… that kind of stuff is bullshit
Yes. Like every system, there are those who abuse it. But you must be careful so that while trying to punish those abusers, you don’t end up creating avenues to also punish those who don’t abuse the system, but simply make a mistake. This sets a precedent so that the government can target the assets of the owner of the company if they’re not satisfied the company punishment, which doesn’t sound as cool when the company in question is your family’s bakery or your neighbor’s paralegal office.
Are not subject to DSA. For the most part DSA only covers companies which have more than 45 million users in the European Union.
I don’t know if this will be a big issue for small businesses. But in any case where there is construction of multiple companies in a structure to separate profits and losses for fuckery with taxes and fines, I think I would also be OK with that whole structure being seen as one entity and treated as such.
The billionaire class however is uniquely adept at this kind of fuckery and wield an ungodly level of power, only surpassed by governments. And I think governments need to be careful that these assholes don’t get too much power… so it’s high time they take them down a peg… or 10.
It will be an issue because your average citizen won’t be so willing to start a new business if they know the government can come after their personal funds as a consequence of something that was done at the company level.
Who said personal funds. Are you arguing slippery slope or moving the goal posts?
Shit take. Get judged by peers
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