French Finance Minister Bruno Le Maire announced on 12 September 2022 that the government is planning to phase out the contribution on value added (Cotisation sur la Valeur Ajoutée des Entreprises - CVAE). The CVAE is one component of the territorial economic contribution (Contribution Economique Territoriale - CET) and is currently charged based on company turnover at progressive rates of up to 0.75%, following a 50% reduction of the CVAE rates as part of the Finance Law for 2021. The other …