French Prime Minister Edouard Philippe leaves on July 11, 2018 after a weekly cabinet meeting at the Elysee palace in Paris. AFP / Bertrand GUAY
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France will pare back financial regulations to EU minimums and introduce new tax incentives to make Paris a more attractive finance hub, Prime Minister Edouard Philippe said on Wednesday.The moves add to steps already taken by President Emmanuel Macron aimed at boosting Paris as a financial centre, such as plans to gradually cut corporate tax to 25 percent and scrapping a wealth tax on financial assets.The Paris Europlace financial sector lobby said on Wednesday Paris was set to win 3,500 financial sector jobs leaving Britain due to Brexit.
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