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Lower production taxes: France will still be far from being fiscally attractive

2020-10-28T18:06:16.613Z


DECRYPTION - This tax reduction which weighs on businesses is a step in the right direction, but will not be enough to make up for France's lag behind its European neighbors.


Production taxes have long been a scarecrow for business leaders.

For those who have settled in France and who have to pay this heavy price.

But also for foreigners with investment projects: the Hexagon is one of the countries where this type of levy is highest.

Well aware of this net comparative disadvantage, the government has therefore decided to reduce these taxes by 10 billion in 2021.

Read also:

The reduction in production taxes will mainly benefit SMEs and mid-cap companies

AmCham, the American chamber of commerce in France, believes that this is

"a key decision to strengthen the attractiveness of France"

.

It must be said that the very principle of these various taxes was not, in everyone's eyes, always understandable: they apply to the wage bill, to the production tool, to added value or to the turnover. business, regardless of the profits that companies make.

In other words, they weigh on companies before they have even made a single euro of profit.

French singularity

The government

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Source: lefigaro

All news articles on 2020-10-28

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