Bullshit. Sorry but this is rhetoric and you clearly never went through the amazing experience of bootstrapping a company in Italy.
Italy is just entrepreneurs hell on earth, and it's a very practical statement.
1) Open a company: minimum of 4k spent on papers (of course, thanks to notars and accountants)
2) First year: face insane taxes. Pay for your pension, pay for your IRAP/IRPEF. Anticipate 50% of what is dued next year due to "projections" the gov do on how much you'll make.
3) iterate first year
On a 30k eurs revenue, with the "Young entrepreneurs formula" (where you are supposed to pay much less than usual limited companies) you'll end up paying up to 17k in taxes. I let you doing the math. And this happened to ME, not to some random friend of a friend.
Italy is just entrepreneurs hell on earth, and it's a very practical statement.
1) Open a company: minimum of 4k spent on papers (of course, thanks to notars and accountants) 2) First year: face insane taxes. Pay for your pension, pay for your IRAP/IRPEF. Anticipate 50% of what is dued next year due to "projections" the gov do on how much you'll make. 3) iterate first year
On a 30k eurs revenue, with the "Young entrepreneurs formula" (where you are supposed to pay much less than usual limited companies) you'll end up paying up to 17k in taxes. I let you doing the math. And this happened to ME, not to some random friend of a friend.