Skip navigation

France to Cut Business Tax by $10 Billion

Will eliminate local taxes in 2010 to keep factories

France will slash business tax by eight billion euros (US$10 billion) next year in a bid to stop firms going bust during the economic crisis, President Nicolas Sarkozy said on Feb. 5.

"We will get rid of local taxes on business in 2010, I want us to keep factories in France," he said in an interview he gave to defend his handling of the crisis.

The interview came a week after more than a million strikers took to the streets in protest at his response to the downturn.

Copyright Agence France-Presse, 2009

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.