The French government has announced further details on its plans to introduce a reduced corporate tax rate of 28% ({News-2016-08-26/P/2- previous coverage}). In addition to providing the reduced rate for smaller businesses, the government is planning to make the 28% rate the standard rate by 2020 (current rate 33.33%). The 28% rate is to be implemented and applied as follows:
- On profits up to EUR 75,000 for SMEs from 2017;
- On profits up to EUR 500,000 for all companies from 2018;
- On all prof…