Sunday, July 7, 2013

Is Portugal closed for business?

Just learned how business operates in Portugal. This is insane. 

Strictly oriented to well financed operations with solid business plans. I.E. no starting a business in your garage. F.Y.I. You need to submit a business plan to get a business license. A lead economist has suggested that all small businesses should close for being inefficient.

Tax system is so regimented that all major goods are tracked from factory/import to retail sale to make sure the government gets there cut from every distributer, retailer and shipping company (there are various tariffs on the shipping of goods). The tax man for all intended purposes runs an inventory tracking system. This is big government at its worse.

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