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France Gives Startups Tax Breaks. And Now Wants to Take Them Back.

October 18th, 2010 10:33 admin Leave a comment Go to comments

So, that whole France.fr fiasco this summer was pretty embarrassing for France. But hey, at least the local entrepreneurs got the last laugh. Still, I would’ve thought France would be a little more careful about putting its foot in its mouth, but maybe not. And this time there’s unfortunately nothing particularly funny about the situation.

Back in 2004, France introduced a special tax scheme, called the Jeune Entreprise Innovante (JEI), granting tax breaks for startups meeting a certain criteria (less than 8 years in age, 250 people maximum…) and investing no less than 15% of their turnover in R&D. In a country where it doesn’t exactly rain VC funding, this definitely had a very positive impact and kept companies hiring at home.

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Source: France Gives Startups Tax Breaks. And Now Wants to Take Them Back.

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