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.
Easy to see: despite all the whiners and the bad reputation, you can find good people to work with in France.
What don't you understand in "over one million" ? If you sell it for 1,000,001 the 75% rate only applies to the extra 1. Not the whole 1,000,001 just the 1 that is over the million. That's what is called a marginal taxe rate. Each tax braket only applies to the money within the backet range. If you make 1,000,001 the first 6,000 are not taxed and the last one is taxed at 75%. (Or will be if we ever get that). -- Edit…
True. But the first million is not tax free neither. If over 1,000,000 is 75% then I'd assume that below 1,000,000 isn't much better. I'd assume if I sell for 2,000,000 the total tax will be at least 50%. How is this fair?
It's fair because you're driving on roads, bring your children to school, may need to go to hospital at times, and profit from a judicial system able to enforce law and your company's contracts, among other things. If you want to live in a country without taxes, try Somalia, or Congo.
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 you should get some first hand experience there first before making such grand statements. France is in fairly deep trouble in spite of nominally getting out of the current recession early (in part because of a massive increase of public debt), it's Southern neighbor Spain (and major trading partner) is doing (much) worse.
There are a lot of people working hard to try to solve this but to say that France is 'sprinting' where the USA, UK, China and India are 'exhausted' is showing a serious lack in knowledge about the state of affairs.
These measures are extremely favorable to entrepreneurship in France. They will help people to create companies, to develop them, and even to bounce back if they fail \o/
Yes, it's about as reassuring as the Treaty of Versailles.
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…
75% tax rate is very common in Europe even for workers with average salary. There are many hidden taxes such as 'social security insurance payed by employer'.
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.
Not sure about France, but your claim about China and India being exhausted is laughable to say at the least. India is 'The' place to be in this century. With a relatively young free market economy, and a negligible competition space in the start up market. You can practically do anything you want and achieve in India currently. Don't simply blindly believe the place you want to go to is the best, rather research pro…
Yes, India is place to be, in longer run, thats why I'm planning to stay here. But France is a short term opportunity, as long as this government is taking stuff seriously.
As a student entrepreneur, I find India a lot harder than France.
What don't you understand in "over one million" ? If you sell it for 1,000,001 the 75% rate only applies to the extra 1. Not the whole 1,000,001 just the 1 that is over the million. That's what is called a marginal taxe rate. Each tax braket only applies to the money within the backet range. If you make 1,000,001 the first 6,000 are not taxed and the last one is taxed at 75%. (Or will be if we ever get that). -- Edit…
True. But the first million is not tax free neither. If over 1,000,000 is 75% then I'd assume that below 1,000,000 isn't much better. I'd assume if I sell for 2,000,000 the total tax will be at least 50%. How is this fair?
The 75% proposed tax is for earned salary not sales of shares. Thus it will only be relevant to you if you get your company to a point where you are taking out over 1 million euros a year in salary, not if you simply sell your company for over 1 million.
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 you should get some first hand experience there first before making such grand statements. France is in fairly deep trouble in spite of nominally getting out of the current recession early (in part because of a massive increase of public debt), it's Southern neighbor Spain (and major trading partner) is doing (much) worse. There are a lot of people working hard to try to solve this but to say that France is 'sp…
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 you should get some first hand experience there first before making such grand statements. France is in fairly deep trouble in spite of nominally getting out of the current recession early (in part because of a massive increase of public debt), it's Southern neighbor Spain (and major trading partner) is doing (much) worse. There are a lot of people working hard to try to solve this but to say that France is 'sp…