IMF Staff Country Reports

France: Selected Issues Paper

Publication Date:

July 27, 2011

Electronic Access:

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Summary:

This note estimates potential output for France during 1980–2010, using three distinct approaches, and discusses long-term growth prospects. The focus on capital taxation highlights the need for a broader reform of the French tax system to address the features that hamper job growth, investment, and productivity growth. This paper analyzes the impact of Basel III capital requirements on French banks and the French economy, and proposes policy recommendations. French banks should be able to meet the new requirements through earnings retention.

Series:

Country Report No. 2011/212

Subject:

Banking Basel III Corporate income tax Financial regulation and supervision Labor taxes Social security contributions Tax policy Tax wedge Taxes