Regulation is more stifling than taxes. And it's not the actual tax rate as much as the insane amount of accounting that has to happen for equipment & depreciation, revenue, expenses, employee/payroll taxes. It's ridiculous. I mean, think about tracking taxes for Steem, Steem Power and Steam Dollars.
My wife runs a small business and has to fill out multiple zero dollar forms quarterly to provide that she doesn't need to pay a tax. Why waste the time with the forms?
true..governments need to give thoughts to the ease of doing business. The complexities involved in certain processes can be discouraging.
Yes I have heard that the forms and bureaucracy is a big problem too.