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France to ease finance, tax rules to attract Brexit bankers

Reuters  |  PARIS 

PARIS (Reuters) - France will pare back financial regulations to EU minimums and introduce new tax incentives to make Paris a more attractive finance hub, Prime Minister Edouard Philippe said on Wednesday.Speaking to a reception for 200 finance executives, Philippe said most of the changes would be made by the end of the year, as countries across the EU battle to attract bankers from London amid uncertainty over the impact of Brexit on the region's biggest financial centre.For asset managers coming to France, they will be able to have capital income known as carried interest taxed at 30 ...

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First Published: Thu, July 12 2018. 01:02 IST