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French report to urge payroll tax cuts: media

PARIS (Reuters) - A government-commissioned report will urge France to cut 30 billion euros ($39.09 billion) in payroll taxes over two to three years to increase the country's competitiveness, newspaper Le Figaro said on its website on Friday citing unnamed sources. The lost revenue would have to be covered by massive cuts in public spending - far beyond the 10 billion euro savings envisaged in the 2013 budget - as well as rises in VAT and the CSG levy that helps to fund France's social security system, the newspaper said. ...

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