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The Boston Globe

Business

France promises $25b in tax credits for business

PARIS — France’s government has promised $25 billion in tax credits to businesses as part of a ‘‘competitiveness pact’’ that it hopes will spark innovation and lower unemployment, but falls short of calls in a recent report for a ‘‘shock’’ to the economy.

The announcement of the plan Tuesday came a day after a government-commissioned report by Louis Gallois, former head of Airbus parent EADS, said the country’s ailing economy needed a big kick to stay globally competitive.

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