On 29 November 2017, the French Constitutional Court (Conseil Constitutionnel) issued its decision that the recently approved temporary surcharge on large companies is in conformity with the Constitution. As such, the surcharge will apply as passed by parliament on 14 November ({News-2017-11-20/A/2-previous coverage}). The surcharge is levied at rate of 15% for companies with gross revenue exceeding EUR 1 billion, with an additional 15% surcharge for companies with gross revenue exceeding EU…