Aleksandrs Kelbergs Kariņa konference
description
Transcript of Aleksandrs Kelbergs Kariņa konference
![Page 1: Aleksandrs Kelbergs Kariņa konference](https://reader035.fdocuments.net/reader035/viewer/2022062513/555bab91d8b42a6e588b536b/html5/thumbnails/1.jpg)
High Tech for Export Growth: High Tech Manufacturing in Latvia
![Page 2: Aleksandrs Kelbergs Kariņa konference](https://reader035.fdocuments.net/reader035/viewer/2022062513/555bab91d8b42a6e588b536b/html5/thumbnails/2.jpg)
About GroGlass
• 2006 – Building Construction Began
• 1962 – Sidrabe Established
• 2009 – First Commercial Product Shipped - Museums
• 2008 – Machine Installation Complete
• 2010 – New Markets – Displays and Architectural
• 2004 – GroGlass Established, Machine Design Began
![Page 3: Aleksandrs Kelbergs Kariņa konference](https://reader035.fdocuments.net/reader035/viewer/2022062513/555bab91d8b42a6e588b536b/html5/thumbnails/3.jpg)
GroGlass products – Anti-reflective Coatings
![Page 4: Aleksandrs Kelbergs Kariņa konference](https://reader035.fdocuments.net/reader035/viewer/2022062513/555bab91d8b42a6e588b536b/html5/thumbnails/4.jpg)
GroGlass Customers: Museums
Svyatoslav Roerich, Rainbow of the Waterfall, 1934
Courtesy of the Latvian National Gallery
Painting with Regular Glass
Painting with Artglass by GroGlass
![Page 5: Aleksandrs Kelbergs Kariņa konference](https://reader035.fdocuments.net/reader035/viewer/2022062513/555bab91d8b42a6e588b536b/html5/thumbnails/5.jpg)
GroGlass Customers: Electronic Displays
Bang & Olufsen, BeoVision 10
![Page 6: Aleksandrs Kelbergs Kariņa konference](https://reader035.fdocuments.net/reader035/viewer/2022062513/555bab91d8b42a6e588b536b/html5/thumbnails/6.jpg)
GroGlass Customers: Architecture
![Page 7: Aleksandrs Kelbergs Kariņa konference](https://reader035.fdocuments.net/reader035/viewer/2022062513/555bab91d8b42a6e588b536b/html5/thumbnails/7.jpg)
GroGlass Customers: Lighting Fixtures
• Lighting fixtures that use AR glass are 8% more energy efficient
• AR Glass 8% more light through
![Page 8: Aleksandrs Kelbergs Kariņa konference](https://reader035.fdocuments.net/reader035/viewer/2022062513/555bab91d8b42a6e588b536b/html5/thumbnails/8.jpg)
GroGlass Customers: Cold Storage Displays
• Cold Storage displays are covered with glass to save energy
• Double-glazing makes the product less visible
• AR Glass helps to increase in-store sales by allowing the energy saving while increasing product visibility
![Page 9: Aleksandrs Kelbergs Kariņa konference](https://reader035.fdocuments.net/reader035/viewer/2022062513/555bab91d8b42a6e588b536b/html5/thumbnails/9.jpg)
GroGlass – Potential World Leader in AR Coatings
• Latvian “know-how” produced the most efficient and the largest Anti-Reflective Glass coater in the world
• The Latest technology allows for the Best Quality
at the Lowest Price
• True Potential to be the World Leader in its field
![Page 10: Aleksandrs Kelbergs Kariņa konference](https://reader035.fdocuments.net/reader035/viewer/2022062513/555bab91d8b42a6e588b536b/html5/thumbnails/10.jpg)
How could Latvia be a richer country?
• High Tech Clusters feed Countries
• That Wealth comes from Abroad because we Export
• 1 Manufacturing job creates 8 jobs in the Service Sector
• High Tech Manufacturing has high Value-Added
• Value-Added is the Wealth of the country
• Wealth has to be created
![Page 11: Aleksandrs Kelbergs Kariņa konference](https://reader035.fdocuments.net/reader035/viewer/2022062513/555bab91d8b42a6e588b536b/html5/thumbnails/11.jpg)
“Growing Oranges in Antarctica”
High AdministrativeBurdens
Utility Connection Difficulties
Thin Qualified Worker Base
No Tax Incentives forInvestment in Assets
Inefficient VAT repayments
![Page 12: Aleksandrs Kelbergs Kariņa konference](https://reader035.fdocuments.net/reader035/viewer/2022062513/555bab91d8b42a6e588b536b/html5/thumbnails/12.jpg)
Make it easy to run our legitimate business
![Page 13: Aleksandrs Kelbergs Kariņa konference](https://reader035.fdocuments.net/reader035/viewer/2022062513/555bab91d8b42a6e588b536b/html5/thumbnails/13.jpg)
Pre-payment of Corporate Income Taxes –
an Interest-free loan?
![Page 14: Aleksandrs Kelbergs Kariņa konference](https://reader035.fdocuments.net/reader035/viewer/2022062513/555bab91d8b42a6e588b536b/html5/thumbnails/14.jpg)
It is not competitive to pay taxes!
• Tax-paying companies are less competitive!
• Companies paying in envelopes can afford to pay more to their workers because they evade taxes
• Government should focus on the Grey economy
![Page 15: Aleksandrs Kelbergs Kariņa konference](https://reader035.fdocuments.net/reader035/viewer/2022062513/555bab91d8b42a6e588b536b/html5/thumbnails/15.jpg)
Tax Incentives for Foreign Investment
• How to attract foreign investment?
• Simple - Create tax breaks
• Estonia: and easy choice in the Baltics - taxable profit can be cut in half by the incurred costs of a fixed assets…
• Extend Tax Loss Carry Forward to encourage risky investments like ours
![Page 16: Aleksandrs Kelbergs Kariņa konference](https://reader035.fdocuments.net/reader035/viewer/2022062513/555bab91d8b42a6e588b536b/html5/thumbnails/16.jpg)
• Our technology requires us to hire foreign specialists to train the local workforce
• Difficult work permit procedures
• No cap on social taxes make our salaries non-competitive
Make it easy to hire qualified foreigners
![Page 17: Aleksandrs Kelbergs Kariņa konference](https://reader035.fdocuments.net/reader035/viewer/2022062513/555bab91d8b42a6e588b536b/html5/thumbnails/17.jpg)
Reduce Administrative Burdens
• Having Company Cars requires a full-time accountant for all compliance documents?
• Simplify the new employee reporting to once/month
![Page 18: Aleksandrs Kelbergs Kariņa konference](https://reader035.fdocuments.net/reader035/viewer/2022062513/555bab91d8b42a6e588b536b/html5/thumbnails/18.jpg)
• State-funded Projects:
–Showcase Latvian-made products
–When possible, support the local manufacturing base, not the Foreign one
Lets be proud of “Made in Latvia”
![Page 19: Aleksandrs Kelbergs Kariņa konference](https://reader035.fdocuments.net/reader035/viewer/2022062513/555bab91d8b42a6e588b536b/html5/thumbnails/19.jpg)
Conclusion
Create an environment where it is easy to run a legitimate business
![Page 20: Aleksandrs Kelbergs Kariņa konference](https://reader035.fdocuments.net/reader035/viewer/2022062513/555bab91d8b42a6e588b536b/html5/thumbnails/20.jpg)
“Growing Oranges in Antarctica”
High AdministrativeBurdens
Utility Connection Difficulties
Thin Qualified Worker Base
No Tax Incentives forInvestment in Assets
Inefficient VAT repayments
![Page 21: Aleksandrs Kelbergs Kariņa konference](https://reader035.fdocuments.net/reader035/viewer/2022062513/555bab91d8b42a6e588b536b/html5/thumbnails/21.jpg)
![Page 22: Aleksandrs Kelbergs Kariņa konference](https://reader035.fdocuments.net/reader035/viewer/2022062513/555bab91d8b42a6e588b536b/html5/thumbnails/22.jpg)
No CIT Pre-paymentLow Administrative Burdens
Fast VAT refunds
Easy connection to utilities
No Limits on Tax Loss Carry Forward Fast access to EU funds
Easy work permit laws for foreigners
![Page 23: Aleksandrs Kelbergs Kariņa konference](https://reader035.fdocuments.net/reader035/viewer/2022062513/555bab91d8b42a6e588b536b/html5/thumbnails/23.jpg)
Thank you for Attention