Wednesday, July 6, 2016

Brexit: measures to strengthen the financial center of Paris – Le Figaro

Prime expatriation, tax benefits for businesses … the Prime Minister announced a series of measures, including tax, to increase the attractiveness of the Paris financial center opposite the City of London after the vote in favor of Brexit.

the Prime Minister Manuel Valls announced Wednesday a series of measures, including tax, to enhance the attractiveness of the financial center of Paris, after the UK vote in favor of Brexit.

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

“In this new environment that is emerging, we want a France attractive,” added the head of government, saying he wanted to improve the fiscal and regulatory framework for “still accommodate many companies” and “make Paris the capital of Smart finance “.

changing the regime” impatriates “

the Prime Minister has announced a change of regime” impatriates “which allows employees came abroad to benefit from tax reductions. This scheme will be “applicable for eight years, against five today” and the expatriation bonus will be “exempt from payroll tax,” said he said.

The head of government Moreover confime 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.

in addition to these tax measures, the government plans to implement a “single entry point”, coordinated by Business France, to facilitate administrative procedures for foreign companies wishing to set up in France.

This service “will enable global care companies as their employees,” answering “questions on real estate, the issuing of residence permits, schooling for children,” detailed Mr. Valls, who wants this device is in place “as soon as this autumn.”

Prime Minister finally assured that the state would open “as many international sections as needed in schools” to allow expatriate children “courses in their native language”

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