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France lures London bankers with extra tax break

Already favourable tax regime for expats returning from stints abroad to be enhanced; one-stop administrative point for foreign firms seeking foothold in France to be set up

Published Wed, Jul 6, 2016 · 09:50 PM
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Paris

THE French government pledged on Wednesday to make its tax regime for expatriates the most favourable in Europe in a landgrab for London banking business displaced by Britain's decision to quit the European Union.

"We want to build the financial capital of the future," Prime Minister Manuel Valls said at a hastily arranged visit to the annual conference of France's financial industry lobby Europlace. "In a word, now is the time to come to France."

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