France to Cut Taxes
World Economy

France to Cut Taxes

The French government will cut taxes for a total of €11 billion ($12.3 billion) next year, according to budget plans that aim to loosen up an economy burdened with high unemployment and weak growth, AP reported. The budget detailed Wednesday in a cabinet meeting is the first under President Francois Hollande to meet the government’s deficit targets. The government plans €9 billion in corporate tax breaks to boost hiring and investment. The amount is part of a €40 billion plan staggered from 2014 to 2017 to support French business. Income taxes will be cut by €2 billion.


Short URL : https://goo.gl/yPVi4Y
  1. https://goo.gl/XJqJHL
  • https://goo.gl/scq2WV
  • https://goo.gl/c3ir6m
  • https://goo.gl/pf194Q
  • https://goo.gl/2P1x5w

You can also read ...

Sanctions Boost Qatar’s Food Prices, Hurt Real EstateFood and beverage prices gained 4.2% from the previous month.
Sanctions imposed by Persian Gulf Arab states are continuing...
Inside view of Tokyo Stock Exchange
Stock markets around the world remained buoyed Tuesday by a...
Hanjin has so far raised only $220 million towards repayments to more than 180 creditors.
South Korea’s Hanjin Shipping, which faces credit claims...
HSBC, IBM to Develop Cognitive AI
HSBC is working towards the introduction of artificial...
Australia Bank Reveals Further Woes
Australia’s biggest bank has admitted failures costing staff...
The Bank of Portugal sees 2.5% growth this year.
Portugal’s economy grew 2.8% in the second quarter from the...
China Bans Imports From North Korea
China has announced a ban on imports of coal, iron ore, lead...
Singapore  Exports Rising
Singapore’s non-oil domestic exports in July likely rose from...