An interesting article with some facts and figures in The Financial about the state of the beauty and perfume industry, and how and why it is the case that France is leading the growth of the industry. Among other factors is the best Research & Development tax system you can find in Europe,
"The French government actively supports research and has introduced the best R&D tax credit
system in Europe, which reimburses 50% of R&D costs in the first year. Its budget of over €1.4 billion in 2006 was increased to approximately €2 billion in 2008, following the reform introduced in 2007", says Philippe Favre, President of Invest in France Agency."
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