But the EU, as a whole, is the world's biggest market and it is a common market in spite of legal and cultural differences between countries. So that's pretty naive.
And if companies think the "compliance cost" is too big, that's fine, it means they are leaving money on the table for their competition to pick up. The best outcome is actually the EU getting some real alternatives to US services that are deemed to be indispensable.
So personally, as an EU citizen, for companies no longer wanting to serve EU citizens, all I can say is don't let the door hit you on your way out.
Except it isn't really a single market. Each country has a unique language, culture and body of law. The cost of taking a German product to France is much higher than expanding from California to Texas and New York. (California, Texas and New York having a higher combined GDP than France and Germany [1].)
[1] https://en.wikipedia.org/wiki/Comparison_between_U.S._states...
Although I generally prefer the Dutch set of laws to the American, Dutch laws stifle innovation. The difference in even simple things like setting up a business, hiring an employee, and ensuring compliance with local laws is insane.
Every time I go to America I get requests for random things that either don't exist in the Netherlands or are criminally expensive. Bengay cream here costs €16.20 for 57g, only available at special online shops. In America you can buy it everywhere, €5.84 for 113g. That's one example. You might criticize it for being too arcane, but there are hundreds of thousands. Each one of these things costs double the Amazon price or more for popular products: RAM, angle steel, many batteries, sanding belts, IEMs, pumps, permethrin, LEDs. That's just off the top of my head. Every time I need something it's a game: will I get lucky and pay 40% extra, or will it be only available for 200% the price? Or even worse, not available at all?
You want to sell those things above? Go ahead. A few of them are even triple (!!!) the American retail price, so you'll make bank, right? Start a business. But you won't, and nobody else will, because it's tremendously difficult to start a business here.
I can understand higher taxes make products more expensive - sure. Those taxes provide the benefits I enjoy in a country like the Netherlands. I can even deal with the cost of shipping from America. But I cannot deal with paying double or triple the cost for hundreds of thousands of various products. And laws like this just continue the movement in the wrong direction.
I have no clue what you are talking about with those products though; that's the case in many countries. In the south of Spain I pay more for a fridge or a bath than if I import them from the Netherlands. NL is an expensive country for some things. In the US you can get Bengay cream (i have no idea what that is by the way) for 5.84 but university and healthcare can bankrupt you. Give me NL every day as long as that lasts; these consumer products are not fundamentals while education and healthcare are imho.
I wouldn’t say that’s very difficult.
Seems like a bit of a straw-man argument anyway. Businesses don't usually pay consumer-oriented taxes like VAT (UK), or Mehrwertsteuer (DE). So which taxes are we talking about exactly?
And importing stuff isn't too hard. If it was a truly Dutch issue, you'd set up the import business in another EU country, and then ship it to the Netherlands once it's inside the Union.
Is there not a Dutch version of the same compound, manufacturered closer to home?
What metric are you using because the EUs GDP is about 700 billion less than the US and going to drop even more when the UK leaves.
US GDP: http://www.imf.org/external/pubs/ft/weo/2018/01/weodata/weor...
EU GDP: http://www.imf.org/external/pubs/ft/weo/2018/01/weodata/weor...
I agree with the basic concept of GDPR, but the uncertainty around it, the seemingly unclear nature of what exactly it means, and the fact that it will be enforced by each individual EU member potentially differently, all adds up. It's just not worth it.
This just adds to the pile, in a BIG way
