The Paris Financial Center, whose attraction has been reinforced by Brexit, is still fragile and would suffer a possible increase in corporate taxes, warns the president of Paris Europlace, Augustin of Romanet, in the gallery on Sunday.
The Paris Europlace association is the lobby of the French financial center. It brings together its annual event on Tuesday, Paris Finance Forum (PFF), on the topic “2025, Mutation Finance”.
From Brexit, the Paris Financial Center “has changed the dimension” and has gained ground in front of its rival, the city of London. But “it must be perceived as” the latter is “a national treasure to defend and preserve, because it is one of the necessary conditions for the reindustrialization of the country,” he believes that Augustin of Romanet, who wants to “spend an alert message.”
Weakens to be monitored
“The impulse of recent years weakens today. We face three types of threats. Structural changes that affect the entire global financial sector, with the return of geopolitical risk, the technological revolution with AI and Cryptos, the agitation of economic models with the arrival of neo -collides,” he says.
Also evoking the “specific fragility instead of Paris”, in particular “a weakness for small and medium listed values, which slows the OPIs and access of SMEs to markets,” Augustin of Romanet also highlights “the new political agreement (which) could scare investors.”
“The parliamentary debates The past fall, particularly related to a possible increase in corporate taxes in the financial bill by 2025, were enough to cause the postponement of implantation decisions. Investment decisions are very sensitive to political debates,” he said.
He says that he is in favor of “a new law on the financial attraction of the Financial Center of Paris”, which “would give a strong political signal, as soon as we guarantee the fiscal and regulatory stability in the financial law, which remains the key to the international credibility of Paris.”
Source: BFM TV
