France Planning to Introduce New Tax Rate for Medium-Sized Businesses
French Prime Minister Manuel Valls announced during a 24 August 2016 interview that the government is planning to introduce a reduced corporate tax rate of 28% for medium-sized businesses. Currently, France imposes a standard corporate tax rate of 33.33% and a reduced rate of 15% on the first EUR 38,120 of profits for smaller business with turnover not exceeding EUR 7.63 million.
The planned 2…
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