“France must continue to reindustrialize, innovate and promote job creation. That is the country’s priority,” says Emmanuel Macron.
When asked about the balance that must be found between taxes and spending reduction – although the government has chosen to rely mainly on the latter option to reduce the deficit – Emmanuel Macron believes that “France must continue to reindustrialize, it must continue to innovate and it must continue to create jobs and promote job creation. This is the country’s priority.”declared at the Paris Motor Show.
Before the presentation of the 2025 finance bill, Medef, France’s main business organisation, was already concerned about the planned reduction in business contributions, fearing the destruction of “hundreds of thousands” jobs.
According to the barometer of French industrialists, the austerity budget project presented by the Barnier government “Not good in the short term” for factories, but appears to have preserved three assets to promote reindustrialization: tax credits for research, the “single tax” and the France 2030 program.
However, the increase presented as temporary in the tax on some four hundred large companies (IS), which should contribute 8 billion euros to the State in 2025, “It will have effects on the entire value chain”warns Alexandre Saubot, president of France Industrie, the organization that represents the country’s thirty-one industrial sectors, in an interview with Agence France-Presse.
Another indicator considered unfavorable for business activity in general, the planned postponement of the reduction of the CVAE production tax, meant contributing 1.1 billion euros of income to the State coffers.
Third point of the budget considered negative by the world of industry: the strong reduction applied to the MaPrimeRénov program aimed at promoting the energy renovation of buildings to reduce CO emissions2 Construction and energy bills.
