On 8 April 2014, the new Prime Minister announced new tax and social measures to the National Assembly. The key measures are summarized below. Corporate taxation - The standard rate of corporate income tax (impôt sur les sociétés) would be gradually reduced to 28% (instead of 33.33%) in 2020 starting from 2016. - The temporary surtax on the corporate income tax (contribution exceptionnelle sur l'impôt sur les sociétés) would be abolished in 2017. - The social solidarity tax on companies (contribution sociale de solidarité des sociétés, C3S) would be reduced and completely abolished within 3 years. Individual taxation - A...