the republic logo

French government announces measures to boost investment, cut unemployment, reduce income tax


PARIS — France's government has pledged measures to boost the country's stagnant economy, including an income tax cut and tax breaks to companies that invest in industry.

Socialist Prime Minister Manuel Valls outlined the government's plans to combat unemployment and encourage growth during a speech Wednesday in Paris.

He said that companies that invest in "industrial equipment" in the next year will have access to 2.5 billion euro ($2.7 billion) in fiscal bonuses over the next five years, and that a project had been approved to invest 3.2 billion euros ($3.5 billion) to upgrade the freeways.

Valls also said the income tax rate would be trimmed by an unspecified amount in a bid to stimulate purchasing power in 9 million households and encourage growth in the eurozone's second largest economy.

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to and it will be forwarded to the appropriate editor or reporter.

We also have more stories about:
(click the phrases to see a list)





Follow The Republic:

All content copyright ©2015 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.