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French President announces pro-business measures

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Re: French President announces pro-business measures

#21

Post by ekianjo »

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.

There are surely more Frenchmen settling in China right now than Chinese or Indians wanting to come and set up a business in France. I have no idea where you get impression it works the other way around.

Re: French President announces pro-business measures

#22

Post by conradfr »

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…

There is no 75% tax rate.

Re: French President announces pro-business measures

#23

Post by ekianjo »

tekahs wrote: post #18
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.

Well that's still far high enough even at 36%. There are several places more business-friendly around the world.

Re: French President announces pro-business measures

#24

Post by conradfr »

ekianjo wrote: post #17
conradfr wrote: post #14

Earlier quoted context omitted.

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…

Thanks. I don't think that article glorified anything though.

Re: French President announces pro-business measures

#25

Post by edouard1234567 »

babarock wrote: post #15

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…

I totally agree and I'm surprised by all the negative comments on this page. These measures seem to be going in the right direction:

1 - encouraging entrepreneurship by reducing the risk (no more bad credit score aka banning 040 code)

2 - increasing the reward through tax breaks on early capital gain.

Re: French President announces pro-business measures

#26

Post by steeve »

Lots and lots of good things: more stable tax rules, reinforcing and stabilizing the JEI (which is a HUGE win, since it was changed every year...), right to fail, startup visa.

Also, creating incentive for big companies to work with startups is awesome. The bigcorp/startup link is almost non-existent here (compared to the US for instance). This one alone will help the ecosystem big time.

Re: French President announces pro-business measures

#27

Post by return0 »

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…

I like to say that, in Europe, we believe in a peculiar kind of social mobility. Social mobility ends in middle class. The old aristocracy has secured its benefits in special untouchable jurisdictions (Switzerland, luxembourg, lichnestein or dozens of capital havens), and is actively preventing anyone else from entering the club. What's worse, they don't even invest, preferring to spend on luxuries.

Re: French President announces pro-business measures

#28

Post by lke »

stygianguest wrote: post #20
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.

Are marginal tax rates rare ? It alway seems like people don't understand how they work. But i don't see how you could do without them, there would be a strong incentive not to change bracket.

Re: French President announces pro-business measures

#29

Post by Mikushi »

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.

France is not sprinting. No amount of measures will change the main issue we have in France : the people.

I am French myself, moved to Canada 6years ago, then moved to London a year and half ago. I have kept a very close eye on France, I tried to find jobs there, interesting jobs, but it is just not happening, there are so many hurdles it's not even funny, just to list a few : salaries are way off compared to places like London or Berlin, Paris is expensive and being pretty much the only place to find "startups" you become locked with a small salary and high expenses, it is elitist as hell, unless you have an engineering degree, good luck finding a decent job, and even if you find one, it'll take years before you move up or get a raise. The list could go on and on, but it is clear to any frenchman/woman who decided to move away that any amount of measures will not change the culture, a culture of elitism which doesn't leave room for talent.

I'll add that there are decent jobs in France, but there are scarce and the fight for them is high. You are more likely to end up working for Peugeot, AXA or some big corp like that. If you want a future in tech, avoid France, that place will never rise to the challenge.

Re: French President announces pro-business measures

#30

Post by alexei18 »

French startups. Bunch of pissy little whiners. They cry when nothing is done to help them, cry louder when something is done to help them. And the same people who spend so much energy bashing any government, left or right, cry like babies to get any state subsidies for their failed ideas. And they dare call themselves entrepreneurs. I wonder how do so many foreigners succeed to start their business in this country.
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