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#FrenchTaxes  

If you add the other two French taxes (CSG and CRDS) French entrepreneurs will be taxed 92% if they sell their startups (~60% tax on the first $3M, and 92% on the remaining, to be more precise)

This means that if a French entrepreneur build a company and sell it right now for a profit of $10M (after investors money is taken out) he will pay in tax over $8M, to have a little less than $2M. 

Consequence, I heard that all company sales are being frozen. No entrepreneurs (even French ones) want to sell their company to be taxed 92%. 

This is going to be very interesting to see what maximum taxation as for effect on a country economy.

Right now, I would assume that it is the people that have already made their money that are moving out of France. The real problem is when the people that are in the process of making their money moves out.

Only time will tell, but the good news is that time always do [tell].  
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Me, no, I live in the US, so, I am just dubious but curious. 
 
dailymail is a conservative tabloid, so you are right to be curious
 
I just came back from France, and I have been hearing from French entrepreneurs that this will have a big (and negative) impact on how they see their business and entrepreneurship.

So, I am curious to see how this plays out in few years, but I am very happy to NOT be a French entrepreneur today. 
 
Now, one advantage I can see is that it will give an incentive for build-to-last rather than the build-to-flip type of entrepreneurship (since there is zero benefit to "flip"). The catch is that the build-to-flip is perhaps a necessary incentive to have some build-to-last businesses. 
 
That seems a little crazy, from 41% top rate to 75%? I guess my complaints about the American system of gridlock need a second look, because it seems like a parliamentary system allows the party in power to make pretty radical changes.
 
Yes, in France, the Gov/President has much more power when elected. 

Btw, on top of the 75% there are the 17% of the CSG and CRDS, so, it is 92% tax. 
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