4 ms·
"Taxes don't really play on this --> many startups don't make a profit ;-) " I don't know how you can say taxes don't play into this. I started my company 5 y
by bobby_9x 11y ago
"Taxes don't really play on this --> many startups don't make a profit ;-) "
I don't know how you can say taxes don't play into this. I started my company 5 years ago and if I had to pay 50%+ in tax back then, I would have failed. Instead, I used that money to grow the company.
"If I were a VC in the US, I would see France as an opportunity."
Why? More of your money will go toward taxes and the regulations will restrict your ability to grow your money. VC want a return on investment (as do most investors).
Firing someone in a company over 10 people is a court case. There have been many cases where the company loses the court case and a person that should have been fired just sits and does nothing and is forced, by law, to be paid by the company.
This has become such a problem that many companies in France don't want to hire students..because it's too much of a risk.
France has had 10%+ unemployment for over a decade. You would think they would have changed something by now.
- germainb 11y agoI'm not saying taxes don't play, I'm saying startups don't pay taxes because they make losses...so the tax rate doesn't affect startups. 50% tax ? Corporate tax rate in USA = 36% in France = 33.33% VC question = lower valuations in France; when investment markets become inflated (US) the key to making a return is buying low (France). Return is also about opportunity cost. Firing someone : I fired 7 people, some paper work, no court cases. Yes there are/can be court cases, but they mostly end in some small (1 month salary) arbitrage. If you're not a jerk about it, things usually work out. Also, remember French legal system is MUCH less costly than the US's. "You would think they would have changed something by now." -- This I can only agree with but I think it also applies to the US.