On 27 September 2017, the French Council of Ministers adopted the draft Finance Bill for 2018. The main measures of the bill reportedly include:
- A reduction of the corporate tax rate as follows:
- 2018 - 28% on income up to EUR 500,000, with the excess subject to current standard 33.33% rate;
- 2019 - 28% on income up to EUR 500,000, with the excess subject to a standard 31% rate;
- 2020 - 28% for all companies;
- 2021 - 26.5% for all companies;
- 2022 - 25% for all companies;
- The repeal of the 3% t…