In the Tax Battle, It's Banks 2, France 0

The headquarters of Societe Generale in the La Defense business district of Paris Photograph by Balint Porneczi/Bloomberg

François Hollande launched his campaign for president of France last January by declaring, “My enemy is the world of finance.” Since taking office in May, his government has unleashed a barrage of taxes and regulations on bankers and other financial-market players.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.