France's Tax Cut Plans

On April 8th 2014, French Prime Minister Manuel Valls detailed government plans for a tax package that includes several tax cuts. The package is targeted at reducing unemployment and increasing France's international competiveness.

Major changes in the package include:

• Gradual reduction of  the corporate income tax rate from 33.33% to 28% by 2020, with initial reductions beginning 2017
• The introduction of a €12 billion competitiveness and employment tax credit (CICE) for 2014 and a…