Blick Rothenberg urged the UK Government to capitalize on upcoming tax changes in France by offering incentives for businesses and individuals to invest in the UK. With France lowering R&D tax breaks and raising taxes on large companies, firms may consider relocating. A revised R&D tax relief in the Spring Statement could attract these businesses. Also, the anticipated rise in tax for wealthy individuals in France emphasizes the need for the UK to provide a favorable tax regime for French expatriates and investors.
The UK Government should introduce measures to attract French investment, as changes in France's budget could make relocation to the UK more appealing.
A more generous R&D tax relief scheme in the Spring Statement could significantly entice French businesses seeking taxing alternatives.
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