France is preparing plans for a new round of tax cuts for companies to help spur...
PARIS - France is preparing plans for a new round of tax cuts for companies to help spur economic growth and achieve full employment by 2025, Finance Minister Bruno Le Maire said on Tuesday.
High unemployment has been the scourge of successive French governments for decades although President Emmanuel Macron has made some headway in bringing it down after a series of pro-business reforms early in his five-year term. “The productive pact has a clear objective: full employment in 2025,” Le Maire told business leaders. “All levers will be used for this end, ... a cut in production taxes, according to a time frame that should start in 2021.”
Production taxes are a raft of levies companies must pay in France on top of the normal corporate income tax.
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