Socialist tax cocktail repels businesses

The British Prime Minister David Cameron has invited French businesses who want to save their companies from rising taxes to relocate to Britain. President François Hollande should bolster competitiveness at home instead of chasing businesses out of the country with a disastrous tax cocktail, writes the conservative daily Le Figaro: "First the social contributions were raised to finance the lowering of the retirement age (!), now dividends will be taxed and the tax on capital will be raised. ... The next thing we'll see is a rise in the minimum wage. ... Add to that a 75 percent tax - you could just as well call it confiscation - on revenues over a million euros. ... Finally, a plan to make dismissals more difficult is being studied, which will put an additional brake on job creation. François Hollande prides himself on having placed growth and jobs at the centre of his project. But he has forgotten one basic rule: it is the businesses, and they alone, that will allow him to achieve his goal."

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