The European Commission (EC) Jan. 14 issued State Aid Case Decision No. SA.120665, approving France’s extension of the IR-PME income tax reduction regime for individuals making cash subscriptions to the capital of small and medium-sized enterprises (SMEs). The decision includes measures to: 1) extend the IR-PME regime for nine additional months, to Sept. 30, 2026, from Dec. 31, 2025; 2) continue support for indirect SME investments through shares in innovation mutual funds (FCPIs), direct investments in a socially useful solidarity enterprise (ESUS), and investing in innovative start-ups (JEIs); 3) retain the increased income tax reduction rates of 25 percent for ...