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Mon 03 Mar 2011French make virtue of low tax rate
THE FRENCH state agency charged with attracting foreign investment has said ambitious tax-cutting policies have made France’s corporate tax regime “just as competitive” as countries such as Ireland, citing a study which puts France’s effective rate at just 8.2 per cent.
French president Nicolas Sarkozy has been demanding Ireland raise its corporate tax rate from 12.5 per cent as a condition for receiving a reduced interest rate on its bailout loans.
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