France promises tax credits for businesses
Source: Agencies |
November 7, 2012, Wednesday
|
Print Edition
Print Edition
FRANCE'S government has promised 20 billion euros (US$25 billion) in tax credits to businesses as part a "competitiveness pact" that it hopes will spark innovation and lower unemployment.
The announcement of the plan yesterday came a day after a government-commissioned report by Louis Gallois, former head of Airbus parent EADS, which said the country's ailing economy needed a big kick to stay globally competitive.
French Prime Minister Jean-Marc Ayrault said the government's plan ? which includes a 500-million-euro fund to help small businesses ? would put the country "back at the heart of the world economy."
The tax credit is to be implemented over three years ? with 10 billion euros available in 2013 and the rest split over the following two years.
The announcement of the plan yesterday came a day after a government-commissioned report by Louis Gallois, former head of Airbus parent EADS, which said the country's ailing economy needed a big kick to stay globally competitive.
French Prime Minister Jean-Marc Ayrault said the government's plan ? which includes a 500-million-euro fund to help small businesses ? would put the country "back at the heart of the world economy."
The tax credit is to be implemented over three years ? with 10 billion euros available in 2013 and the rest split over the following two years.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
