France

French Socialist Government Announces 20 Billion Euro Tax "Incentive" Plan

Trying to "control their destiny"

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France's Socialist government unveiled Tuesday measures to bolster the struggling industrial sector and make exporters more competitive but the package fell short of the shock therapy industry leaders are urging.

Prime Minister Jean-Marc Ayrault proposed new incentives for investment in innovation, small businesses and training, and tax credits for companies keeping jobs in France as a way of easing costs in the current downturn.