French Prime Minister Manuel Valls recently announced individual income tax measures that will be included in the amending Finance Bill 2014 and would take effect in the Fall 2014. The bill will be put before parliament in June.
The measures include:
- An individual income tax exemption for 1.8 million of France's lowest-income households
- An individual income tax reduction for 1.2 million other low-income households
The initial announcement by the Prime Minister stated that the measures wou…