French business owner here. The current goal is to prevent companies from failing to avoid mass unemployment:
- If you need to suspend your workers contracts, they are covered by the state. No need to fire them.
- all tax collections have been suspended
- your credit lines with commercial banks are covered by the state, so you can suspend payments or increase them if needed
- The BPI (Public Investment Bank) has an emergency loan available for companies that could run out of cash due to the situation.
They are not talking about the aftermath yet but these efforts cost a huge amount of money. My guess is that they will recover money by raising taxes for several years.
- If you need to suspend your workers contracts, they are covered by the state. No need to fire them.
- all tax collections have been suspended
- your credit lines with commercial banks are covered by the state, so you can suspend payments or increase them if needed
- The BPI (Public Investment Bank) has an emergency loan available for companies that could run out of cash due to the situation.
They are not talking about the aftermath yet but these efforts cost a huge amount of money. My guess is that they will recover money by raising taxes for several years.