Arab Today, arab today french socialists beat retreat on it startup tax
Last Updated : GMT 13:22:57
Arab Today, arab today
Arab Today, arab today

French Socialists beat retreat on IT startup tax

Arab Today, arab today

Arab Today, arab today French Socialists beat retreat on IT startup tax

Paris - AFP

France\'s government signaled Thursday it was prepared to review its plans to hike the tax on the sale of companies that investors warned threatens to cripple the high-tech start-up sector. Finance Minister Pierre Moscovici said he was ready to consider making changes to the government\'s tax plans. \"If there are measures that will have a shock or dissuade investment in new, innovative companies, then we\'ll have to look at it again,\" he said on France Inter radio. \"When measures are poorly calibrated, there has to be a possibility for dialogue and a correction,\" he added. Moscovici and the government\'s junior minister for small and medium-sized business, Fleur Pellerin, were to meet later Thursday representatives of start-up companies that feel threatened by the new measures. Last week France unveiled its biggest package of tax hikes and spending cuts as it seeks to bridge a 37-billion-euro gap in public finances to meet its EU commitments to reduce its public deficit. \"Today, the highest rate (of tax on the capital gain for the sale of shares or company ownership) is 58 percent, and in the discussions we will hold, we will make adjustments to ensure there isn\'t something very penalizing against creating new businesses and innovation,\" Pellerin said on RMC radio. She said the government was looking at possible adjustments to tax breaks. The Socialists plan to bridge the fiscal gap relies heavily on raising taxes on businesses and the rich, but they have also targeted improving the competitiveness of French business in order to stem rising joblessness. Start-up entrepreneurs, who often invest personal funds and take little salary from their new companies in the hope of later selling them for a big return, warned the changes would mean they had little prospect of financial reward from innovation in France and likely encourage people to move abroad.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today french socialists beat retreat on it startup tax Arab Today, arab today french socialists beat retreat on it startup tax

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today french socialists beat retreat on it startup tax Arab Today, arab today french socialists beat retreat on it startup tax

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday