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For the startups: Don't think so. Corporations need to generate profits to pay taxes. ;) The personal income taxes apply though. The other huge problem with F
by kybernetyk 10y ago
For the startups: Don't think so. Corporations need to generate profits to pay taxes. ;)
The personal income taxes apply though.
The other huge problem with France (and Europe in general) is the problem that you can't fire bad/unneeded employees easily.
Continental Europe is a bad environment for young companies that need to be agile. Too much red tape and regulation. And when you survive all that, the state is going to take most of your profits as taxes and compulsory social contributions (and compulsory non-social contributions cough German IHK cough).
EU countries can come up with as many visa and incubator schemes as they like. But they won't attract many entrepreneurs. Because if I'm an entrepreneur in the position to start a business in another country then I'm going to choose the best one: The USA.
(I'm an European just btw.)
- jjawssd 10y ago> For the startups: Don't think so. Corporations need to generate profits to pay taxes. ;) You are contradicting your own point. A startup with zero profit can still be taxed at a very high rate and pay almost zero taxes simply because there is no profit to be taxed. But the rule would still apply in this case.