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> they are setting up in Singapore as their base Europe in general has been tightening up their rules / taxes / laws around startups / companies especially tec
by re-thc 7mo ago
> they are setting up in Singapore as their base
Europe in general has been tightening up their rules / taxes / laws around startups / companies especially tech and remote.
It's been less friendly. these days.
- Signez 7mo agoYann Le Cun litteraly said this morning on the radio in France that it is headquarted in Paris and will pay taxes in France. Go figure…
- kvgr 7mo agoThere will be no corporate taxes for a long time, so alls good.
- mi_lk 7mo agoDoesn’t he live in New York himself? Although not sure if that matters depending on his role
- roromainmain 7mo agoFor such companies, France also offers generous R&D tax credits (Crédit Impôt Recherche): companies can recover roughly 30% of eligible R&D expenses incurred in France as a tax credit, which can eventually be refunded (in cash) if the company has no taxable profit.
- storus 7mo agoIs that alongside 100% of R&D expenses amortized in taxes when a company has taxable profit covering them?
- roromainmain 7mo agoYes indeed, if the company is profitable.
- ttoinou 7mo agoNo he said something like “well yes, only for the parts of profits made in France”
- lotsofpulp 7mo agoWhy would it be any other way?
- ttoinou 7mo agoFrench people have this pipe dream all others french people to pay 75% of what they produce worldwide to pay for their retreats, hospital, useless schools system and all theirs “comité Théodule”
- Imustaskforhelp 7mo agoThis is a singaporean news article from a singporean company[0] (Had to look it up) As such, They are more likely to talk about singapore news and exaggerate the claims. Singapore isn't the Key location. From what I am seeing online, France is the major location. Singapore is just one of the more satellite like offices. They have many offices around the world it seems. [0]: https://www.sgpbusiness.com/company/Sph-Media-Limited https://www.sgpbusiness.com/company/Sph-Media-Limited
- sofixa 7mo ago> Europe in general has been tightening up their rules / taxes / laws around startups / companies especially tech and remote. Like? Care to provide any specific examples? "Europe" is a continent composed of various countries, most of which have been doing a lot to make it easier for startups and companies in general.