Five Takeaways From Macron’s Plan to Revamp French Business
- Government aims to make it easier to set up a company
- Plan will give state more powers to control foreign investment
Paris, France.
Photographer: Christophe Morin/Bloomberg
This article is for subscribers only.
President Emmanuel Macron set out the next phase of his plan to turn France into a “startup nation” on Monday.
In a bill that will go to Parliament after the summer break, Finance Minister Bruno Le Maire unveiled plans to cut red tape and boost investment. Macron has already loosened labor laws and cut corporate taxes and is aiming to change the country’s benefits culture to reduce the state’s spending on welfare. The measures will cost 1.1 billion euros ($1.3 billion) in the first year.