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French Minister Could Adjust Tax for Startups, Le Monde Reports

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Oct. 4 (Bloomberg) -- France could revise a planned increase in capital gains tax to give more incentives to startups, Le Monde reported, citing an interview with Digital-Economy Delegate Minister Fleur Pellerin.

The government will discuss “refining” its taxation plans with small-business owners, Pellerin said, according to the newspaper. Adjustments could be made to how long an entrepreneur has to hold a company before his capital gains tax rate is lowered, she said.

“We want to tax capital gains from real-estate, stocks, art,” Pellerin was quoted as saying in the French daily newspaper. “We certainly don’t want to discourage entrepreneurship and risk taking.”

To contact the reporter on this story: Marie Mawad in Paris at mmawad1@bloomberg.net

To contact the editor responsible for this story: Vidya Root at vroot@bloomberg.net

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