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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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From: elmatador	10/3/2012 7:04:32 PM
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France weighs 40 billion cuts in payroll taxes cutting labor costs for employers employers and unions on ways to make French labor cheaper and more flexible The French government is considering cutting labor costs for employers by around 40 billion euros ($51.59 billion) over the five years of the President Francois Hollande's term, French daily Le Monde reports Wednesday, without naming sources. The Socialist government is in talks with employers and unions on ways to make French labor cheaper and more flexible. Coming to power in May, Mr. Hollande scrapped the plans of his conservative predecessor, Nicolas Sarkozy, to fund a cut in taxes paid by employers with an increase in value-added tax. Mr. Hollande's office is looking at funding a cut in payroll levies paid by employers with a wider tax, possibly through the existing general social contribution, which taxes revenues from labor and capital, Le Monde reports. The French presidency did not immediately respond to a request for comment.

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