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French President announces pro-business measures

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Re: French President announces pro-business measures

#11

Post by jvzr »

rikacomet wrote: post #5
tekahs wrote: post #2

From a french guy : We are so late on this. imo, it's just an adjustment compare to other country (like US). There is also a lot to do to change the mentality, because the crowd don't believe in "entrepreneurship" and prefer to work directly in big company.

from a Indian guy, planning on coming to France for Higher Studies: France is sprinting now, when others are exhausted (USA, UK, China, India).. France is where it is right now.

I'd like to know your sources, and wear your rosy glasses. As a French student, I'll leave the country at the first occasion. We are heading into a big, thick wall and we'll lose more than the pigeons when we go bankrupt.

Re: French President announces pro-business measures

#12

Post by tekahs »

rikacomet wrote: post #5
tekahs wrote: post #2

From a french guy : We are so late on this. imo, it's just an adjustment compare to other country (like US). There is also a lot to do to change the mentality, because the crowd don't believe in "entrepreneurship" and prefer to work directly in big company.

from a Indian guy, planning on coming to France for Higher Studies: France is sprinting now, when others are exhausted (USA, UK, China, India).. France is where it is right now.

Maybe, but I'm not so sure. Why do you believe that ? (Examples, or whatever)

Re: French President announces pro-business measures

#13

Post by notimetorelax »

civilian wrote: post #7

The visa thing is nice. Simplifying capital gains tax is awesome. I can't say that I'm a big fan of the tax breaks though. We shouldn't subsidize any business, they should fail or succeed on their own merits.

It's a question of balance, if people want to see more new businesses to come around then it makes a lot of sense to lower the entry barrier.

Re: French President announces pro-business measures

#14

Post by conradfr »

ekianjo wrote: post #4
tekahs wrote: post #2

From a french guy : We are so late on this. imo, it's just an adjustment compare to other country (like US). There is also a lot to do to change the mentality, because the crowd don't believe in "entrepreneurship" and prefer to work directly in big company.

or prefer not to work at all :) When you see Liberation glorifying people living on RSA...

Source ?

Re: French President announces pro-business measures

#15

Post by babarock »

To me, the most important thing is that he's closing the "040" indicator used by the banks to index the entrepreneurs who previously failed.

It's virtually impossible to get help from a bank if your previous startup has failed. There's a bigger picture here. France is so incredibly intolerant of failure it's not funny. There's the rampant myth of the "genius superstar that never fails" and you only get one chance to prove yourself. It's no surprise that people will (generally, there are exceptions) prefer steady and safe employment in big corporations.

I think the best thing we can do for entrepreneurs is to encourage people to take risks and fail a few times. But this needs a major overhaul of the mentality in the country. I'm glad to see the government is taking a first step.

Re: French President announces pro-business measures

#16

Post by edouard1234567 »

civilian wrote: post #7

The visa thing is nice. Simplifying capital gains tax is awesome. I can't say that I'm a big fan of the tax breaks though. We shouldn't subsidize any business, they should fail or succeed on their own merits.

I believe there is something somehow similar in the US where a founder gets a 100% exclusion from tax (up to $10M per taxpayer) for “qualified small business stock” held for more than 5 years. I think this is still the case.

Re: French President announces pro-business measures

#17

Post by ekianjo »

conradfr wrote: post #14
ekianjo wrote: post #4

Earlier quoted context omitted.

or prefer not to work at all :) When you see Liberation glorifying people living on RSA...

Source ?

Ah that was not Liberation, but inrocks instead... but I may have read something similar in the Liberation since they are so very much in the same line of thought: http://www.lesinrocks.com/2010/09/26/actualite/ils-ont-decid...

For English speakers out there, the title means "they decided not to work anymore"

That's what you get for giving out welfare without setting any expectations to the person who gets it: people abusing the system.

Re: French President announces pro-business measures

#18

Post by tekahs »

LekkoscPiwa wrote: post #10

75% tax rate. He is a sociallist big time. He hates free market economy. Now confronting public outrage he puts some lipstick on a pig and it still doesn't look good as he doesn't get the markets. 75% tax rate, who is he kidding? Who wants to work for free for years on their startup and sacrifice their savings, their social life, sometimes their family, just to be hit by 75% tax at the end of the journey? No thank yo…

Not feeding the troll, but the average tax for a company is ~36%.

75% is the income tax when you are very rich. (And it's still a project). now, the income tax is 50% for the rich people.

Re: French President announces pro-business measures

#19

Post by tekahs »

ekianjo wrote: post #4
tekahs wrote: post #2

From a french guy : We are so late on this. imo, it's just an adjustment compare to other country (like US). There is also a lot to do to change the mentality, because the crowd don't believe in "entrepreneurship" and prefer to work directly in big company.

or prefer not to work at all :) When you see Liberation glorifying people living on RSA...

Of course, it's a minority. I prefer to add this information for all the readers.

Re: French President announces pro-business measures

#20

Post by stygianguest »

LekkoscPiwa wrote: post #10

75% tax rate. He is a sociallist big time. He hates free market economy. Now confronting public outrage he puts some lipstick on a pig and it still doesn't look good as he doesn't get the markets. 75% tax rate, who is he kidding? Who wants to work for free for years on their startup and sacrifice their savings, their social life, sometimes their family, just to be hit by 75% tax at the end of the journey? No thank yo…

Of course that only applies to the salary over one million. As people earning that much usually have plenty of options to get their money through different channels, this is purely political posturing. They didn't even significantly increase tax revenue.

I agree that it is ridiculous but, in a similar way, it is ridiculous to claim that one rate makes France unfriendly for business.

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