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It says "60% Capital Gains tax - the real innovation killer" in a big bold font. We're talking about startups in France here. You can be in 3 other (more tax-fr
by digitalengineer 14y ago
It says "60% Capital Gains tax - the real innovation killer" in a big bold font. We're talking about startups in France here. You can be in 3 other (more tax-friendly) country's in a few hours drive.
Also founders are not employees. You can easily work 70 hours (and still fail, that's why people looking to sell their company will hate the 60% capital gains tax).
And again: As founders are not employees they do not receive the same benefits when they fail / get sick / whatnot.
- carlob 14y agoYes they do if they pay their social charges.
- digitalengineer 14y agoAh, I stand corrected. So as a founder in France you can receive money from the government when you're sick or if your business tanks? (Most start ups do). Didn't know that. In most other European country's you need to arrange your own thing (via an insurance).
- harscoat 14y agoWrong. eg. If company fails, employees get several month salaries from the State (ok) but founder (ownership >50%) while he paid social charges will receive 0. You'd have to get your own (expensive) private insurance if the biz does not work out to get something back.
- digitalengineer 14y agoThis sounds more like how it would be (and how it is in the Netherlands).