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France Planning 25% Corporate Tax Rate by 2022 and Standard 30% Capital Gains Rate

|Proposed Changes|France
France

According to recent comments from French Finance Minister Bruno Le Maire, the Government's draft plans for the 2018 Budget include a phased in reduction of the corporate tax rate to 25% by 2022 for all corporate taxpayers, as well as a fixed capital gains tax rate of 30% from 2018. The plan also includes the elimination of the 7% competitiveness and employment tax credit (crédit d’impôt pour la compétivité et l’emploi - CICE) from 2019, which will be replaced by a reduction in payroll charges…

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