French Prime Minister Manuel Valls announced during a 24 August 2016 interview that the government is planning to introduce a reduced corporate tax rate of 28% for medium-sized businesses. Currently, France imposes a standard corporate tax rate of 33.33% and a reduced rate of 15% on the first EUR 38,120 of profits for smaller business with turnover not exceeding EUR 7.63 million.
The planned 28% rate is to be included in the 2017 Finance Bill, which will be submitted to parliament in the fal…