The Guardian reports:
In his opening speech to parliament on Tuesday, Edouard Philippe side-stepped the notion of one-size-fits-all austerity, instead insisting that the plan of the new centrist president, Emmanuel Macron, was to reduce public spending while launching a €50bn (£44bn) investment programme and cutting a range of taxes, including slashing corporate taxes to boost businesses.
Cut spending and cut taxes – there is hope for France.
“Businesses must want to set up and develop on our territory rather than elsewhere,” he added, announcing that corporate tax would be cut from 33% to 25% in the next five years.
As corporate tax rates around the world reduce, we will need to do the same.