France’s Prime Minister has told CNBC that his government will work hard
with businesses to avoid major job losses and dismissed claims that his
government is anti-business and driving away investment with a 75
percent tax on high earners.
"This is not what is going to sum up our policies,” Jean-Marc Ayrault said in his first interview with CNBC since taking office earlier this year.
"This is not what is going to sum up our policies,” Jean-Marc Ayrault said in his first interview with CNBC since taking office earlier this year.
As
Ayrault met with business leaders in Versailles on the outskirts of
Paris, he said that the rich had to do their part to help France’s economy back onto its feet.
“This
exceptional contribution is going to be a request to the ones who have
extremely high salaries to take part in a collective effort for a
national recovery. It is a shared effort, it is not going to solve every problem,” said Ayrault, who claimed business leaders understood this.
The CEO of Societe Generale, Frederic Oudea told CNBC the 75 percent tax is highly symbolic and could stop people coming to and investing in France.
“Of
course there is this question of 75 percent which can be effectively an
obstacle for people to come to France, to create jobs etc. And is seen
sometimes from outside not as the right incentive to create initiatives,
to create business,” said Oudea, who thinks supporting investment is
crucial.
Read more: http://www.cnbc.com/id/48837971
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