French CEO: Politicians Must Open Their Eyes
The French government should be fully aware of the damage high taxes will inflict on France's business-friendly credentials including driving away entrepreneurs, Bernard Charles, CEO of the French specialist software maker Dassault Systemes told CNBC.
"The conditions in France today are not so good and that's the reality. I've made a statement to help open the eyes of politicians they need to take the case of the entrepreneur seriously. They are going to go where they think they are welcome and where the conditions are positive to run the company," Charles said.
(Read more: Time is Running Out: Asset Manager Tells Hollande)
Dassault Systemes's CEO has been vocal about his discontent with French taxes which he described in a newspaper interview as "heavy taxing on capital, stock options and free shares." He said that a number of Dassault Systemes's directors had already left the country.
While the company had not made any decision on whether to leave France, Charles said he "had a lot of possibilities" of where to base the company.
President Francois Hollande whose election platform last year included the implementation of a controversial 75 percent tax rate on earnings over 1 million euros has faced criticism as well as legal hurdles to get it passed into law.
The wealth tax led to a number of high-profile tax-exiles including the French actor Gerard Depardieu.
(Read More: US CEO Blasts 'Three Hours a Day' French Workers)
Charles's comments came as Dassault Systemes reconfirmed its2013 targets and announced first quarter revenues of 485 million euros ($633million).
Charles insisted the outlook for the rest of the yearremained "good", adding that he was "confident" profitability and margins wouldcontinue to rise this year.
"We'll grow by double digits this year, it's an interesting dynamic."
Despite the slowdown in China, Charles said there were a number of opportunities in that market as well as in India, which had helped boost revenues.
The company is sitting on a significant cash pile of around 1.5 billion euros. But Charles said the company would be cautious in its use of the money. He said the company might make "selective acquisitions" but the dividend would still make up a third of the company's spend.
By CNBC's Shai Ahmed; Follow her on Twitter @shaicnbc