France will not introduce new business tax

Note: This section contains information in English only.
Source: Reuters
© Scanpix/Reuters
French government decided not to introduce in 2014 a new tax on businesses, whose revenues exceed 50 million euro per year, as investors speak about possible capital outflows and decline in investments. On the other hand, the revenues from this tax have already been included in the next year's budget, therefore the government will temporarily raise corporate tax rate for such big companies.
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