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Slideshow French business leaders lambast Hollande Tweet Share this Email Print Related News France extends euro zone olive branch to Berlin Wed, Aug 29 2012 French PM holds out olive branch to Berlin Wed, Aug 29 2012 France's Hollande spurs action on youth jobs plan Wed, Aug 29 2012 Merkel and Hollande unite in tough message for Greece Fri, Aug 24 2012 RPT-Tax-soaked French bankers feeling London's lure Mon, Aug 20 2012 Analysis & Opinion Essential reading: Attack targets Romney’s role in Marriott tax deals, and more Essential reading: Watchdog says U.S. IRS allows bogus taxpayer IDs, and more Related Topics World » Related Video France and Spain push for ECB intervention Thu, Aug 30 2012 France's President Francois Hollande gestures during a joint news conference with Spain's Prime Minister Mariano Rajoy (not pictured) after their meeting at the Moncloa Palace in Madrid August 30, 2012. Credit: Reuters/Juan Medina By Lionel Laurent JOUY-EN-JOSAS, France | Fri Aug 31, 2012 11:32am EDT JOUY-EN-JOSAS, France (Reuters) - French business leaders stepped up criticism of the new left-wing government on Friday, lamenting a perceived anti-corporate bias and lack of competitiveness, despite the prime minister's recent efforts to mollify them. The presidency of Socialist Francois Hollande, who has angered some in the corporate world for adopting what they say are "soak-the-rich" tax policies and anti-business rhetoric, came in for heavy scorn on the last day of the Medef business lobby's annual conference. As well as introducing a 75 percent tax on millionaires, the Hollande administration is eyeing more taxes on banks and energy companies and has pledged to crack down on risky investment banking. "We are sick and tired of being told how to behave," Sodexo Chairman Pierre Bellon told Industry Minister Arnaud Montebourg, who was sitting on the same debate panel at the conference. Montebourg, seen as more of a left-wing firebrand than Hollande, has been leading the frontline of government talks with companies such as Peugeot and Sanofi to limit the pain of their layoff plans to the workforces. "I will transmit your criticisms to the President," retorted Montebourg dryly over intermittent booing from the audience. Most speeches praised the German business model and criticized the comparatively less-competitive French economy and labor market. Michelin Chief Executive Jean-Dominique Senard also praised the U.S. business environment, telling the audience his tire-making company planned to open a site there for the first time in decades. "Everyone knows the cost of labor is higher in America...But they see firms as job creators," Senard said. "Would that were the case in France." The state of South Carolina reportedly doled out at least $7.5 million in tax incentives for the new Michelin plant. The criticisms came after French Prime Minister Jean-Marc Ayrault earlier this week sought to reassure the country's alarmed business leaders, telling them that an upcoming tax reform would help to improve France's flagging competitiveness -- an apparent reference to plans to reduce social charges on labor. Several bankers in recent weeks have said Hollande's policies were an open invitation to leave the country, not just for them but for key corporate clients. British Prime Minister David Cameron infuriated French politicians in June when he vowed to "roll out the red carpet" for French firms if Hollande followed through on his plan to raise taxes for the wealthy. Tax lawyers have told Reuters that about 20 percent of CAC 40-listed companies are "seriously reviewing" such options. Total CEO Christophe de Margerie, whose firm is among those earmarked for a higher tax bill to help battle state deficits, took a more measured tone and said the German model was just one among many and that companies had themselves to blame by not speaking in a unified voice. (Reporting by Lionel Laurent; Editing by Erica Billingham) World Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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