Monday 26 September 2016

France woos business from UK with tax breaks

Published 06/07/2016 | 17:06

French premier Manuel Valls is offering new tax breaks and international schooling to attract London-based firms
French premier Manuel Valls is offering new tax breaks and international schooling to attract London-based firms

French prime minister Manuel Valls is telling London-based businesses "come to France!" - and offering new tax breaks and international schooling to lure companies to Paris after Britain's vote to leave the EU.

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Mr Valls proposed deeper tax discounts for office space, and income tax reductions for foreigners for their first eight years in France, instead of five years currently.

He wants a "single entry point" in place by summer's end offering foreigners guidance on taxes, housing, visas, schools - "all those things that weigh heavily when it comes to choosing where to work or base your business."

He is pushing for more international programs in schools so that non-French children can learn in their native tongues.

Several cities have been vying for London business since Britain's vote for a Brexit.

AP

Press Association

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