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Article: News & Analysis: Strategies, Products & Mandates - Nine more sign up to Euronext as French govt offers tax breaks.(Brief Article)
- Article from:
- Financial Times Mandate
- Article date:
- July 1, 2005
CopyrightCOPYRIGHT 2005 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The French finance ministry's decision to announce new tax breaks for small and medium-sized companies (SMEs) opting to list on Alternext, the fledgling market of pan-European stock exchange operator Euronext, has been designed to provide more long-term value for institutional investors.
The tax measures, which were backed by Thierry Breton, the French minister for the economy, finances and industry, will see the l'IRPP (Impot sur le Revenu des Personnes), a direct income tax, reduced to a total cut of 25 per cent of the amount invested.
By mid-July, just six weeks after opening, nine companies from a range of sectors had listed on Alternext: ...