> they are setting up in Singapore as their base

Europe in general has been tightening up their rules / taxes / laws around startups / companies especially tech and remote.

It's been less friendly. these days.

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Signez 4 hours ago | parent | next [-]

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…

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roromainmain 3 hours ago | parent | next [-]

For 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.

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storus 2 hours ago | parent [-]

Is that alongside 100% of R&D expenses amortized in taxes when a company has taxable profit covering them?

	▲	roromainmain 2 hours ago \| parent [-]
		Yes indeed, if the company is profitable.

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ttoinou 3 hours ago | parent | prev | next [-]

No he said something like “well yes, only for the parts of profits made in France”

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mi_lk 4 hours ago | parent | prev | next [-]

Doesn’t he live in New York himself? Although not sure if that matters depending on his role

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kvgr 4 hours ago | parent | prev [-]

There will be no corporate taxes for a long time, so alls good.

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Imustaskforhelp 2 hours ago | parent | prev [-]

This is a singaporean news article from a singporean company[0] (Had to look it up)

As 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.

[0]: https://www.sgpbusiness.com/company/Sph-Media-Limited