Re:The Pigeon Movement – A rallying cry for French startups
by digitalengineer on Monday October 01, 2012 @05:27AM
(#4595993)
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.
[ Parent
| on HN ]
Re:The Pigeon Movement – A rallying cry for French startups
by carlob on Monday October 01, 2012 @05:39AM
(#4596019)
Yes they do if they pay their social charges.
Re:The Pigeon Movement – A rallying cry for French startups
by harscoat on Monday October 01, 2012 @07:34AM
(#4596348)
Wrong. 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.
Re:The Pigeon Movement – A rallying cry for French startups
by digitalengineer on Monday October 01, 2012 @09:20AM
(#4596804)
This sounds more like how it would be (and how it is in the Netherlands).
Re:The Pigeon Movement – A rallying cry for French startups
by digitalengineer on Monday October 01, 2012 @06:03AM
(#4596086)
Ah, 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).