France will cover the cost of a 100 billion euro stimulus plan with stronger growth


Mr Castex reiterated the government’s pledge not to raise taxes and to maintain planned reductions in business taxes, including land charges for industry, local VAT and corporate tax.Bruno Le Maire, the French finance minister, had previously pledged 10 billion euros in production tax cuts from January to support relocation companies in France.

It comes as fears grow about a second major wave of coronavirus infections in France.

“We are preparing for all eventualities, including the one in which our healthcare system is again under pressure,” said Mr. Casetx.

“We are ready. The equipment is there. The beds are there. Our main objective is to do everything to avoid a general foreclosure, the costs and consequences of which are incalculable.


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