Paris Begins Push to Entice U.K. Firms Post-Brexit

The transcript discusses the UK High Court's ruling on Brexit, which requires parliamentary debate before triggering Article 50, adding uncertainty for businesses. The French business community preferred the UK to remain in the EU but is now promoting Paris as an attractive business hub. France's business environment, including tax policies and workweek, is examined, with emphasis on Southall's strategic importance. The debate on financial transaction tax and France's intrinsic business advantages, such as a robust ecosystem and regulatory credibility, are also covered.

What did the UK High Court rule regarding Article 50?

• It can be triggered without Parliament's approval.

• It cannot be triggered until Parliament has a debate.

• It should be delayed indefinitely.

• It must be triggered immediately.

How did the French business community feel about Brexit before the referendum?

• They were indifferent to the outcome.

• They were unaware of the referendum.

• They wished for the UK to remain in the EU.

• They supported Brexit.

What is a common misconception about doing business in France?

• France has low corporate tax rates.

• The 75% personal tax rate is still in effect.

• France has no strategic industries.

• The workweek is 40 hours long.

Why is Saffron considered a strategic asset for France?

• It is a new startup.

• It has the lowest tax rate in Europe.

• It is the largest company in France.

• It is a major player in the aerospace and defense sectors.

What is the French government's position on the tax on financial transactions?

• They fully support its immediate implementation.

• They are determined to resist it unless part of a European move.

• They have already implemented it.

• They are unaware of such a tax.

What intrinsic advantage does France offer to businesses?

• A lack of regulatory oversight.

• A high-quality banking and insurance regulator.

• The lowest corporate tax rate in Europe.

• A small, isolated economy.

What is the French government's approach to attracting businesses post-Brexit?

• Offering state aid and sweeteners.

• Highlighting France's intrinsic advantages.

• Reducing all tax rates to zero.

• Ignoring the Brexit situation.