Bloomberg the Company

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

French Lobby Chief Criticizes Socialist Tax Plan, Les Echos Says

Don't Miss Out —
Follow us on:

March 13 (Bloomberg) -- Policies advocated by Francois Hollande, the Socialist candidate in France’s presidential election campaign, would raise taxes on business by 17 billion euros ($22 billion), a “crushing burden,” according to Medef, the country’s biggest business lobby group, Les Echos reported.

In an interview with the newspaper, Medef chief Laurence Parisot also criticized Hollande’s plan to raise the top tax rate on households with incomes of more than 1 million euros to 75 percent, saying it would discourage entrepreneurship. She praised the record of President Nicolas Sarkozy, who is campaigning for a second term, for tax reforms and investments that would increase France’s competitiveness.

To contact the reporter on this story: Carol Matlack in Paris at

To contact the editor responsible for this story: Vidya Root at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.