The first draft of the French Finance Bill for 2018 (Projet de loi de finances pour 2018, "PLF-2018") has been presented by the French Government on September 28, 2017.

The PLF-2018 includes substantial personal income tax proposals, in particular the new real asset wealth tax replacing the current wealth tax, and the 30 percent flat tax on capital income. It also contains noteworthy proposals relating to corporate life, in particular the repeal of the 3 percent contribution on distributed income and the so-called Carrez deductibility limitation rule, and the removal of intraday transactions from the scope of the French financial transactions tax ("FTT").