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French President Vows To Push Through Tax Cuts

by Ulrika Lomas, Tax-News.com, Brussels

02 April 2014


Following a crushing defeat in the local elections, French President François Hollande has vowed to get the country's economy back on track by cutting taxes for households and businesses, to increase consumers' purchasing power and to boost job creation.

In an address to the nation, Hollande pledged to lower labor costs for companies, in particular for low salaried workers, in return for more jobs and investment, within the framework of the responsibility pact.

He also said that the Government will reduce taxes for individuals and cut employee contributions to increase take-home pay. The Government will achieve these objectives through cuts in expenditure, he said.

Hollande said: "I have understood your message, it is clear. Not enough change and too much slowness. Not enough jobs and therefore too much unemployment. Not enough social justice, and too many taxes."

TAGS: individuals | tax | investment | business | corporation tax | unemployment | social security | tax breaks | individual income tax

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