As promised in my previous discussion, I’m here to share insights from my own entrepreneurial journey. Back in 2018, I took the leap and established my first consulting firm. This was a significant moment, especially when Asters, the largest law firm in Ukraine, offered me the opportunity to represent them in Belgium. This experience laid the foundation for my venture and gave me a firsthand understanding of the challenges and opportunities in the business world.
Embarking on this venture, I was keenly aware of the financial implications, especially in Belgium, where the tax obligations for businesses are substantial from the outset. This financial burden poses a significant risk, as it could potentially lead to bankruptcy before securing the first client if there’s no immediate income stream. This experience highlighted a critical barrier to entrepreneurship – the upfront tax burden that can stifle new business initiatives before they even have a chance to flourish.
From my perspective, one of the most effective ways to combat unemployment and foster entrepreneurial spirit is through the implementation of a tax amnesty for new businesses. This approach could provide a much-needed breathing space for young entrepreneurs, allowing them to establish their ventures without the immediate pressure of tax payments. By reducing the fear of starting a business and encouraging more individuals to pursue entrepreneurship legitimately, we cannot only boost the economy but also enhance the reputation of our state.
Furthermore, it’s important to address the disparity between small business owners and their employees regarding social protection. Currently, employees enjoy greater social security, which paradoxically allows them to offer subpar services without the fear of termination. This dynamic is detrimental to small businesses, as poor service leads to a loss of customers and, ultimately, bankruptcy. This situation underscores a fundamental inequity in our economic system that unfairly penalizes those driving societal progress through entrepreneurship.
To effectively combat unemployment, it’s crucial to advocate for more favorable tax conditions for small businesses. This not only supports the growth of the economy but also fosters a more equitable environment for both entrepreneurs and employees. It’s high time we recognize the value of hard work and contribution to society, ensuring that the benefits of labor are not disproportionately claimed by the state.
One of the Voor U party’s key objectives is to alleviate the tax burden on businesses and individuals by streamlining the state’s functions. Such reforms are crucial for creating a more supportive environment for entrepreneurship and employment.
I invite you to share your thoughts and perspectives on these propositions. Engaging in this dialogue is essential for shaping policies that reflect the needs and aspirations of our community.
