Do we have the same system of tax payment today that existed in France till 1789? Explain your answer with the help of example.
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International Business Guides France
France
France is Europe’s largest country and its location at the centre of the continent makes it a desirable destination for business. A skilled workforce and strong industrial base add to its attraction. Paris ranks second after Tokyo for hosting the greatest number of multinational company headquarters, with around 500 businesses making it their home city.
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Welcome to France
Paris features alongside London, Hong Kong and New York as one of HSBC’s trading hubs. With over 10,000 employees, HSBC France offers banking services to businesses and individuals, combining in-depth local knowledge with global expertise. That means we’re well positioned to help you take advantage of the many opportunities France can offer.
France sits at the crossroads of Europe, linking the North with the South. The country’s world-class infrastructure delivers strong connections both internally and externally, ranging from high speed rail links to busy ports and Europe’s leading business airport. Beyond pure transport, its political and cultural links with Europe, Africa and the Arab nations offer businesses opportunities for growth in Europe and further afield.
HSBC provides a comprehensive range of cross-border and financial services to suit both your personal and business needs, whether you are moving to the region, working in the area, or purely investing or doing business in France.
I look forward to seeing you here!
Jean Beunardeau
Chief Executive Officer, HSBC France
Head office address: 103 avenue des Champs-Elysees, 75419 Paris, Cedex 08
Essentials
Population
66.9 million1
Size
543,965 sq km
Main languages
French
Capital city
Paris
Other major cities
Lyon, Marseille, Toulouse, Bordeaux, Lille, Nice
Currency
Euro
Dialling code
+33
GDP
USD45,804 per capita (2018)1
Top exports
Aircraft, machinery and transportation equipment, plastics, chemicals, pharmaceutical products, iron and steel, and beverages2
Top imports
Machinery and equipment, vehicles, crude oil, aircraft, plastics, and chemicals2
Unemployment rate
8.5%3
Corporation tax
33.33%1
Typical office hours
8.30 or 9.30am until 5.30 or 7pm, Monday to Friday
Time zone
UTC +1, but from March to October the country observes UTC +2
Emergency numbers
18 (medical emergency and fire brigade), 17 (police) and 112 (pan-European emergency services)
Sources
France: The crossroads of Europe
Ranked
# 32
for ease of doing business (in a survey of 190 measured economies by The World Bank)
Desirable destination
The largest country in Western Europe, with a population of almost 70 million, France shares borders with Belgium, Germany, Luxembourg, Switzerland, Italy and Spain. Its purchasing power, which is already above the G7 average, is boosted annually as France is the world’s top tourist destination.
Well connected
France has an enviable transport infrastructure, which is ranked ninth in the world. Significant investment in high speed rail has put the French rail network in top place among other EU countries, with similar high scores for both its road and air infrastructure. Citizens are also well-connected online, as France has one of the highest fixed broadband penetrations in the world.
Growing population
Compared to many other European countries, France’s population continues to grow, both naturally and through immigration. Future growth is forecast to continue at similar rates. Education levels are high, with above average levels of GDP invested.
European hub
At the crossroads between Northern Europe and the Mediterranean, the French logistics sector employs more than 1.8 million people.
Strong economy
France has the seventh largest global economy and the third largest in Europe. GDP growth was 0.3% in the last three months of 2018.
Country profile
Famous for food, fashion and romance, France is also a significant player on the global economic stage.
France plays a unique role in global trade. Bordering several key European states, the country links Northern Europe with the South. Through its colonial past and present-day overseas territories, France also has deep connections with the African continent and the Middle East. A strong historical background and sense of national pride combines with a forward-looking, ambitious economy that invests strongly in 21st Century digital communications and renewable energy.
Building on its inventive past, the French Government has announced a €10 billion investment in innovation and boasts the world’s largest digital incubator.
With a new government in place, the focus is on modernising the economy, capitalising on France’s position as a European hub and increasing its potential to attract foreign direct investment.