The French Ministry of Economy and Finance has presented a EUR 100 billion recovery plan to restore the economy following the COVID-19 pandemic. With respect to business taxation, the main proposed measures of the plan provide for a reduction in production taxes, which includes:
- A 50% reduction in the contribution on value added (Cotisation sur la Valeur Ajoutée des Entreprises - CVAE);
- A 50% reduction in property taxes of industrial establishments; and
- A reduction in the cap for the terri…