For Bruno Le Maire, the lower taxes of production remains one of the shipyards is key to lead,

The tax cuts in production "remains one of the shipyards is key to lead," and the reduced VAT in the restaurant will remain in place, said Economy minister Br

For Bruno Le Maire, the lower taxes of production remains one of the shipyards is key to lead,

The tax cuts in production "remains one of the shipyards is key to lead," and the reduced VAT in the restaurant will remain in place, said Economy minister Bruno Le Maire in an interview with Echoes on Thursday.

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The taxes for production are a package of local taxes, various weighing 80 billion euros per year for the companies in the country, compared to 10 billion euros in Germany. Bruno The Mayor has argued repeatedly in favour of their reduction, viewed as a priority, so that France succeeds with its "reconquest industrial".

"The tax cuts in production, higher in France than in our neighbors, remains one of building keys to lead," he said Thursday at the daily economic newspaper, which published the interview on its website, while the government has promised a reduction of the tax on the income of five billion euros at the end of the great national debate. "This also includes a consultation with the representatives of local governments, because the territorial dimension is high," he added.

The reduced VAT in the restoration spared

the minister of The Economy has also ruled out returning to the reduced VAT rate in the catering, noting that the president of the Republic had been clear about this: "he does not want to increase taxes, but the tax cuts", he assured the Echos. "We will not receive not to the VAT restoration, because ultimately, it is a tax on the households", he said.

The decrease of VAT for restaurants has been decided in 2009, during the presidency of Nicolas Sarkozy. At the end of a long arm of iron, with Brussels, Paris had at the time got to spend the current rate of 19.6% to 5.5%. It has since been moved up to 10%. The professionals were engaged in exchange to create 40,000 jobs over two years, and to pass on the reduction of VAT on certain products.

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Updated Date: 04 May 2019, 00:00

Kathleen Lees

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