“In France it takes even more courage than usual to be an entrepreneur,” says Marc Westermann, principal of telecommunications and internet corporation, SFR Développement, when asked about the current climate for French-based start-ups.
Like many European countries, France’s economy is facing numerous challenges. Unlike some of its European neighbours the country’s fiscal imbalances have come into focus only in the worst moments of the eurozone crisis, yet measures to reform its economy following the financial crisis, particularly in regards to tax, have been some of the most controversial in the eurozone.
Following socialist President Francois Hollande election in May last year, his economic policy has been centre stage in the
world’s press for its radical tax measures.
His 2013 Budget proposals affected corporate venturers and entrepreneurs, with the government generating headlines and intense opposition
concerning plans to reclassify entrepreneurs’ capital gains as income and a proposed super tax of 75%…
