The visa thing is nice. Simplifying capital gains tax is awesome.
I can't say that I'm a big fan of the tax breaks though. We shouldn't subsidize any business, they should fail or succeed on their own merits.
I can't say that I'm a big fan of the tax breaks though. We shouldn't subsidize any business, they should fail or succeed on their own merits.
It _would_ be, but that's the part I'm the least confident about. Simplifying goes against the DNA of both France and bureaucracy, so I don't expect much of French bureaucracy about this; I expect the ministère des finances to reintroduce at least as many byzantine rules as they're forced to abrogate.
The ministère is stuffed to the brim with [ENA alumni](http://en.wikipedia.org/wiki/%C3%89cole_nationale_dadministr...), i.e. people extremely well connected and well versed in stealth sabotaging of unwanted reforms. They've a strong track record of politically killing finance ministers who wanted to "simplify" them.
> We shouldn't subsidize any business, they should fail or succeed on their own merits.
Indeed, but big companies have an unfair advantage over small ones: they're able to influence regulation (especially if they can afford to hire ENA alumni). In a heavily regulation-prone country such as France, this advantage is so important that it stifles SMEs; some countermeasures are needed.