France to cut business taxes by 20 billion euros over two years

PARIS (Reuters) - The French government will cut taxes French companies have to pay in addition to normal corporate income tax by 20 billion euros ($22.8 billion) over the next two years, Finance Minister Bruno Le Maire said on Wednesday.

“It will be a massive cut, twice 10 billion euros - 10 billion in 2021 and 10 billion euros in 2022,” Le Maire said on France 2 television.

“Producing in France will be cheaper, it’s as easy as that,” he added.

 

Source: https://www.reuters.com/article/us-france-economy-tax/france-to-cut-business-taxes-by-20-billion-euros-over-two-years-idUSKCN24G2UH

 

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