Bernard Arnault, the CEO of LVMH, has strongly criticised the French government’s new tax plans. He described the increasing government control over business operations as ‘catastrophic’.
Arnault warned that these tax policies might encourage companies and wealthy individuals to relocate outside of France. His concerns highlight potential negative impacts on the French economy and business environment.
Arnault called for reconsideration of the tax approach to avoid losing valuable businesses and investments. The luxury goods leader emphasised the importance of maintaining a competitive and business-friendly climate in France to sustain economic growth and job creation.
This statement comes amid growing debates over taxation and business regulation in Europe. Stay tuned for Questiqa Europe News for more latest updates.
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