No 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.
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