It's worth noting that equity sales taxes don't concern French companies that have the "JEI" label, i.e. young innovative companies.

There is an issue in the State's definition of "innovative", though. JEIs are companies that spend at least 15% of their resources on R&D, so we're talking about technological innovation. It seems to me that most people agree that other sorts of innovation need to be accounted — either with the same label, or a new one.