Arab Today, arab today france unveils 20billioneuro business tax break
Last Updated : GMT 23:12:04
Arab Today, arab today
Arab Today, arab today

France unveils 20-billion-euro business tax break

Arab Today, arab today

Arab Today, arab today France unveils 20-billion-euro business tax break

Paris - AFP

France on Tuesday unveiled a 20-billion-euro tax break for companies in a bid to address flagging competitiveness. The move was approved by the government a day after a report called on the Socialist administration to slash payroll taxes by 30 billion ($38 billion) euros within two years. The government signalled that easing a business tax burden that is considered a barrier to job creation would be financed by a combination of cuts in public spending and an increase in Value Added Tax (VAT). France\'s standard rate of VAT will rise from 19.6 to 20 percent from January 1, 2014. An intermediate rate currently applied at 7.0 percent will rise to ten percent at the same time. The minimum rate will be cut however from 5.5 to 5.0 percent. The government also announced plans to cut ten billion euros from public spending in 2014-15 and said it would introduce new green taxes from 2016 which will boost the public coffers by three billion euros per year. Unveiling the measures, Prime Minister Jean-Marc Ayrault said the government was adopting almost all of the \"shock\" measures recommended in a report drawn up by Louis Gallois, one of the country\'s most prominent industrialists. \"The situation of the country calls for ambitious and courageous decisions,\" Ayrault said. \"France needs a new model.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today france unveils 20billioneuro business tax break Arab Today, arab today france unveils 20billioneuro business tax break

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today france unveils 20billioneuro business tax break Arab Today, arab today france unveils 20billioneuro business tax break

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday