French Government Touts Investment as Tax Concerns Mount

France’s government is meeting with local businesses on Monday to promote investment as the debate over next year’s budget risks delivering a sharp increase in taxation.

Prime Minister Sebastien Lecornu is hosting the first domestically focused edition of the “Choose France” summit, the annual event that is usually aimed at attracting international firms. The finance ministry has tallied €21.2 billion ($24.6 billion) of investment from homegrown companies in the last 12 months and said new projects totaling €9.2 billion will be unveiled.