The French Court of Auditors is estimating that the companies’ liability to mandatory levies will be cut by EUR14bn between 2015 and 2017. The Responsibility, Solidarity Pact, the tax credit for competitiveness and employment program will initiate this.
According to the proposal of the pact the exceptional contribution on large companies should be abolished and the standard corporation tax rate should be lowered. The pact also proposes to decrease the contributions of the employers, eliminate the corporate social solidarity contribution, cut payroll contributions of low earners and lower income tax for households with modest income.
