France announces $16.9 billion support for aerospace industry – Gulf Today

France announces $16.9 billion support for aerospace industry – Gulf Today

French Economy and Finance Minister Bruno Le Maire addressed a press conference on the government's plan for the support of the hard-hit aviation industry in Paris on Tuesday.. France's economy will take two years to recover from its worst post-war recession, triggered this year by the coronavirus outbreak, the central bank (CB) said on Tuesday.. Paris offered in January to suspend its digital tax on tech companies' income in France until the end of the year while new rules for the cross-border taxation of big digital companies are being negotiated at the Organisation for Economic Cooperation and Development (OECD).. Though most countries want new international rules agreed by the end of the year, the coronavirus outbreak has slowed progress in the OECD talks.. France has said it will tax big digital companies this year whether there is progress or not..