The French Finance Minister and Budget Minister presented the country’s 2014 finance bill to the Council of Ministers on 29 September 2013, providing for a number of tax measures designed to increase employment and to modernize and preserve France’s social model.
The taxation of companies will be stabilized between 2013 and 2014. Moreover, the CICE competitiveness and employment tax credit will serve to actually reduce the tax burden on labour in 2014. From January 1, 2014, the CICE tax credit will amount to 6 percent of gross payroll for remuneration equal to or below 2.5 times the minimum wage.
