French fiscal package of 2007 applies to jurisdiction France
The French fiscal package of 2007 is a series of measures implemented by the Fillon administration in 2007. The paquet fiscal is often called in France loi TEPA, referring to the law in favor of labor, employment and purchasing power (in French loi pour le travail, l’emploi et le pouvoir d’achat). The package consists of fiscal measures aiming at lightening the fiscal burden on businesses, liberalize the labor market and stimulate investment.Aims
The bill on labor, employment and purchasing power (TEPA), whose main measures are often commonly known as the paquet fiscal (tax package) shall be beneficial to growth. According to the Fillon administration, shaping a taxation system more favorable to businesses and lower labor costs could encourage the growth of purchasing power, productive investment and the attractiveness of the territory. This measure, implemented short after the election of Nicolas Sarkozy in 2007 as President of the French Republic, as a strong ideological value. According to the official text, "The revival of the economy requires in priority the rehabilitation of work as a value, as a tool to improve the purchasing power and to fight unemployment".