PARIS (Reuters) - Manuel Valls used his first speech to parliament as France's prime minister on Tuesday to announce corporation tax cuts and outline public spending savings, saying Paris would respect EU budget commitments while rejecting austerity.
Confirming an expected package of 30 billion euros (24.61 billion pounds) in payroll tax cuts on companies by 2016, Valls said the so-called "C3S" tax on companies would be scrapped by the same date, handing a total six billion euros back to companies.
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