Wednesday, July 6, 2016

Brexit: the government rolls out the red carpet for UK companies – Le Point

“It’s time, Paris welcomes you”: Prime Minister Manuel Valls unrolled red carpet Wednesday for companies based in the UK, announcing a series of measures to enhance the attractiveness of the financial center paris after Brexit.

the British vote “created a shock wave, for all European citizens, but also very practical way, for many companies based in the UK “said Mr. Valls during a speech in Paris Europlace forum, dedicated to the promotion of the Paris market.

” in this new environment that is emerging, we want a France attractive, “he added the head of government, which is committed to improving the french tax and regulatory framework for “still accommodate many companies” and make Paris the “Europe first place.”

Main measure announced : changing the regime “impatriates” which allows employees from overseas to benefit from tax reductions. This device will be “applicable for eight years, against five today” and the expatriation bonus will be “exempt from payroll tax,” said the Prime Minister.

The head of government has confirmed the decline in corporate tax (IS) announced by François Hollande. “We have, this year, removed the outstanding contribution to the IS. And the normal rate of corporation tax will be gradually reduced to 28%”, against 33% today, he detailed.

– “taboo” –

in addition to these tax measures, the government is committed to implement a “single entry point”, coordinated by the agency Promotion of French attractiveness Business France, to make it easier for companies wishing to set up in France.

the service “will enable global care companies as their employees”, in answering “questions on real estate, the issuing of residence permits, schooling for children,” said Mr. Valls, who would like this device is operational “after the summer.”

Prime Minister has finally committed to open “as many international sections as necessary” in schools, so that children of expatriates to attend classes in their mother tongue – a recurring demand from large companies <. / p>

Questioned by AFP, the president of Paris Europlace Gerard Mestrallet said that “the message sent to the business community” was “extremely positive”.

“the measure on impatriates and the payroll tax “is an item” key “, he has detailed, saying the government touched there at a” taboo “. Companies will have to choose “between Paris, Luxembourg, Frankfurt and Amsterdam, and then we dropped one of the arguments that played to the detriment of Paris”, he found

-. “No predators “-

the vote in favor of the United Kingdom in favor of EU output has pushed several European capitals to embark on a charm offensive to attract businesses and financial position the primary beneficiary possible weakening of the City.

the Luxembourg ministers of Economy and Finance, Etienne Schneider and Pierre Gramegna, have announced Wednesday that they would conduct a mission Opportunities Britain at the end of the month to tout the Grand Duchy as a “good alternative” after the Brexit.

based institutions across the Channel once the Brexit officially recorded, will have indeed more guaranteed access to the European market (European passport). But there are millions of transactions and exchange of financial products that are made every day in euros from London.

“We are not predators,” but “we compete,” said Wednesday the Mayor of Paris Anne Hidalgo (PS), present alongside Manuel Valls, to justify the call of the foot made by the State and by the Paris elected to the Channel companies.

2012, a month after the election of François Hollande, British Prime Minister David Cameron provoked controversy by declaring that he would “roll out the red carpet” for French tax exiles.

a call to which some officials policies now echoed: “I am very happy today to return this invitation”, launched – in English – the president of the Ile-de-France region Valérie Pécresse (LR)

.

06/07/2016 7:33:09 p.m. – Paris (AFP) – AFP © 2016

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