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Socialist realizes that high taxation stifles growth

There’s no reason to be convinced that France has turned the corner on crippling policies simply because M. Macron says it has, but acknowledging a problem is the first step to overcoming it:

Socialist Emmanuel Macron said France, whose high taxes and regulations have stifled innovation and economic growth, is now "a haven for entrepreneurs." He spoke Tuesday in an interview with The Associated Press at the Consumer Electronics Show in Las Vegas.

He said France has reformed capital gains taxes, and acknowledged that a 75-percent tax on income earned above 1 million euros ($1.22 million) had sent a bad signal to investors. He said the tax, dropped last month, "is over now, and finished."

Via Economy chief: France ready to reform, ditch high taxes to be more competitive @ Fox Business.

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