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France woos business from UK with tax breaks

Published 06/07/2016

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.

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

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