Production taxes continue to penalize French companies

2023-11-08 05:17:04

Published on Nov 8, 2023 at 6:15 amUpdated Nov 8, 2023 at 6:17

It’s a big step for government, a small step for business. The reduction in production taxes, decided in 2020 as part of the recovery plan and initiated in 2021, is a marker of Emmanuel Macron’s first mandate. By significantly reducing this category of taxes, accused of harming French competitiveness, the executive wanted to give a boost to the reindustrialization of the country.

Since then, he has relied on figures for growth, factory openings and falling unemployment to tout the success of his “supply-side policy”.

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