Yann Le Cun litteraly said this morning on the radio in France that it is headquarted in Paris and will pay taxes in France. Go figure…
replyNo he said something like “well yes, only for the parts of profits made in France”
replyWhy would it be any other way?
replyFrench people have this pipe dream all others french people to pay 75% of what they produce worldwide to pay for their retreats, hospital, useless schools system and all theirs “comité Théodule”
replyFor such companies, France also offers generous R&D tax credits (Crédit Impôt Recherche): companies can recover roughly 30% of eligible R&D expenses incurred in France as a tax credit, which can eventually be refunded (in cash) if the company has no taxable profit.
replyIs that alongside 100% of R&D expenses amortized in taxes when a company has taxable profit covering them?
replyYes indeed, if the company is profitable.
replyDoesn’t he live in New York himself? Although not sure if that matters depending on his role
replyThere will be no corporate taxes for a long time, so alls good.
replyThis is a singaporean news article from a singporean company[0] (Had to look it up)
replyAs such, They are more likely to talk about singapore news and exaggerate the claims.
Singapore isn't the Key location. From what I am seeing online, France is the major location.
Singapore is just one of the more satellite like offices. They have many offices around the world it seems.
> Europe in general has been tightening up their rules / taxes / laws around startups / companies especially tech and remote.
replyLike? Care to provide any specific examples? "Europe" is a continent composed of various countries, most of which have been doing a lot to make it easier for startups and companies in general.