France is set to present its budget for 2014 on Wednesday, and perhaps surprisingly under a socialist government, the tax burden on businesses looks likely to fall.
While proposed reforms to France's deficit-hit pensions system could mean increased taxes for both employees and employers, companies will also benefit from a €10 billion($13 billion) tax credit under the Growth and Competitiveness Pact, which should outweigh the impact of the taxes.
"The overall burden of taxes is set to shift from corporations and towards households," said UBS Economist Amit Kara in a report called "France budget preview – more but less fiscal consolidation".
(Read more: François Hollande admits French taxes are 'too much')
Meanwhile, households will have to contend with a rise in both sales taxes and in social insurance (due to the pension reform), while seeing family credit decrease.
This comes on top of a 2011 freeze to the income tax grading scale, which created over 1 million new taxpayers in 2013. While the government is expected to reverse the freeze in its new budget, only 135,000 new households are seen being exempted from taxes.