Counting on … day 1.116

20th May 2023

Reuters reports “The French government plans to budget half a billion euros annually for a new tax credit for environmentally-friendly investments as part of a bill presented on Tuesday to green the industrial sector, Finance Minister Bruno Le Maire said.

“The tax credit makes France the first EU country to take advantage of a loosening of European state aid rules in recent months in response to new tax subsidies in the United States made available by the Biden administration’s $430 billion Inflation Reduction Act (IRA).”

Which begs the question, why doesn’t the UK follow suit?