Startups Need to Tackle Regulation and Taxes to Grow, KPMG Execs Say
Speaking at Calcalist’s WeTechBerlin conference Dina Pasca-Raz and Tim Dümichen, both executives at the accounting firm, said startups fail to take tax and regulation into account
Lack of understanding of regulation and taxation can be a major obstacle for startup growth, according to Dina Pasca-Raz and Tim Dümichen, both executives at international accounting firm KPMG LLP.
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The two executives spoke at Calcalist’s WeTechBerlin conference, held last week in collaboration with KPMG, real estate company Aroundtown Property Holdings PLC, Bank Leumi, one of Israel’s two largest banks, its digital banking subsidiary LeumiTech Ltd., and European investment fund Target Global.
Pasca-Raz is head of international tax, grants, and Incentives at the firm’s Israel branch KPMG Somekh Chaikin, and Dümichen is a partner at the firm’s German branch, and co-head of KPMG’s Germany-based startup accelerator Smart Start.