CashNews.co France’s recently appointed finance minister promised Wednesday that the tax hikes the government says are required to bring the country’s finances back on track will be targeted at high-income groups and limited in time. A day after Prime Minister Michel Barnier pledged to tackle France’s “colossal” debt through spending cuts and new taxes, Antoine […]
CashNews.co PARIS (Reuters) – France’s financial situation is concerning with the budget deficit at one of its highest levels in history, newly appointed finance minister Antoine Armand said on Tuesday. “The situation is serious … We are going to work hard to match the seriousness of this situation,” Armand told France Inter radio. Unknown outside […]
CashNews.co This article was originally published in French The executive is reportedly examining a range of plans to reduce the public deficit, including a temporary tax on companies making more than €1 billion per year. ADVERTISEMENT France is looking to tighten its purse strings and hike up taxes in a bid to get its public finances […]
CashNews.co (Bloomberg) — The French government is weighing fresh taxes on corporates to cut the country’s budget deficit, newspaper Le Monde reported. The finance ministry is considering a 8.5% temporary extra tax on companies with more than €1 billion ($1.1 billion) in revenue, and a tax on stock buybacks equal to 8% of the nominal […]
CashNews.co Financial investigators arrested the suspect after she landed on the French Mediterranean island of Corsica (archive photo). Image: dpa It’s a criminal case like something out of a movie: a financial manager of a large company is said to have siphoned off millions. She then leads a life of luxury until investigators catch her […]
CashNews.co Sonio, the MedTech company specializing in women’s and children’s health, today announces the official approval by the French Ministry of the Economy and Finance of the acquisition of 100% of shares by Samsung. The deal closes following the company’s second wave of FDA clearance in 2024 and with Sonio reporting and workflow solutions operating […]
CashNews.co Bruno Le Maire, former Minister of the Economy, Finance and Industry, and his successor, Antoine Armand, at the handover in Paris on September 22, 2024. STEPHANIE LECOCQ/REUTERS Some find humor in the situation. French public debt reached a staggering €3.228 trillion at the end of June, according to the figures unveiled by the French […]
CashNews.co In front of the Banque de France, Paris, June 23, 2024. OLYMPIA DE MAISMONT / AFP The weight of the symbol is considerable: France is now borrowing at a higher rate than Greece. On Thursday, September 26 the French government’s interest rate on five-year bonds was 2.48%, compared with 2.40% for Athens. In short, […]
CashNews.co (Bloomberg) — France’s bonds are now judged to be riskier than those of Spain for the first time since 2007, a symbolic reversal pointing to the extent of its financial-market woes. With Prime Minister Michel Barnier’s newly formed minority coalition struggling to get a grip on deficits after an inconclusive election, the shift in […]
CashNews.co By Josh White (September 25, 2024, 6:23 PM BST) — The new French government is considering raising taxes on the wealthy and businesses to help reduce the country’s budget deficit amid concerns over debt, according to remarks by the new finance minister, Antoine Armand…. Law360 is on it, so you are, too. A Law360 […]