French government unveiling a few financial proposals 7 July
- producing a set of measures to attract financial business due to Brexit
- Paris has great potential
- will cancel planned extension of tax on share trading to intra-day trading
- will review on a case-by-case basis those French laws that go beyond the EU financial regulations they implement
- EU financial rules will in the future be implemented in France without additional constraints, to ensure fair level playing field across single market
- plans to scrap highest bracket of payroll tax for firms like banks that do not pay VAT
- bankers bonuses will no longer be taken into account when labour courts calculate unfiar dismissal compensation
France out the blocks post-election in the bid to secure any spoils of Brexit fallout. Given the latest French-German alliance/initiatives then we must guess that these plans have been run past Merkel & Co. A joint share of the spoils perhaps?
The race is in to secure business post-Brexit
