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Tax Rates Inch Up In EU27 5/25/2012 In its 2012 edition of the publication 'Taxation trends in the European
Union', Eurostat, the statistical office of the European Union, highlights
the observed increase in value-added tax rates, corporate tax rates and top personal
income tax rates in 2012, among the twenty-seven European Union member states.
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France Extends Deadlines For Online Returns 5/23/2012 The French finance ministry has recently confirmed details of extended reporting
deadlines for 2011 income tax returns submitted online.
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France Publishes 2011 Fiscal Activity Report 5/21/2012 The French finance ministry has recently published its 2011 fiscal activity report,
detailing action taken by the ministry last year as part of its fiscal and economic
strategy, aimed at promoting sustainable growth.
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Hollande Eyes 'Growth Dimension' In Fiscal Compact 5/17/2012 During their first meeting in Berlin, German Chancellor Angela Merkel and French
Socialist President-elect François Hollande underscored the importance
of Germany and France continuing to work closely together in the interests of
Europe, and their responsibility and commitment to collaborating on ideas aimed
at stimulating growth in Europe ahead of the European Council meeting in June.
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Belgian Residents Stifled By Hollande's Tax Plans 5/15/2012 Over 100,000 Belgians will be affected by French President-elect François
Hollande’s plans to increase the taxation of secondary residences in France,
according to Belgian newspaper La Libre.
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Funds In Line For French Tax Refunds 5/14/2012 France is facing tax refund claims of EUR4bn (USD5bn) from savers and institutional investors after the European Court of Justice ruled in favour of investments funds from Belgium, Germany, Spain and the United States in a tax case - a ruling which could have ramifications for other European Union member states.
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Juncker Insists Fiscal Compact Not Up For Renegotiation 5/9/2012 Luxembourg’s Prime Minister and Eurogroup President Jean-Claude Juncker
has firmly ruled out the idea of completely renegotiating the fiscal compact,
agreed by twenty-five of the twenty-seven European Union member states back
in March, and aimed at strengthening budgetary discipline, following the election
of François Hollande as the new French President.
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Regulatory Change To Drive Onshore Fund Growth 5/9/2012 French hedge funds and the securities regulator AMF believe the Alternative Investment Fund Managers Directive will - more than UCITS - boost investor confidence in hedge funds and pave the way for potentially significant asset growth.
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France Begins Examination Of Hollande's Election Tax Package 5/8/2012 Following the upcoming legislative elections in June, French lawmakers are to
convene during an extraordinary session in July to examine a bill containing the
fiscal pledges outlined by President-elect François Hollande during his
election campaign, expected to increase the fiscal burden on households in France
to the tune of around EUR14bn (USD18.26bn).
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Hollande, Sarkozy Go Head-To-Head On Tax 5/7/2012 During a long, bitter televised debate, aimed at attracting wavering voters ahead
of Sarkozy's defeat on May 6, and punctuated by attack and counter attack, outgoing French President
Nicolas Sarkozy and new Socialist President François
Hollande went head-to-head on key election battleground issues including taxation
in France and the crisis in Europe.
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France Publishes 2011 Patent Applicant Rankings 5/4/2012 The French national institute for industrial property has recently published
details of the 2011 rankings for the country’s top patent applicants,
based on the number of patents published last year.
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EP Committee Seeks Wider FTT Net 4/30/2012 The Economic and Monetary Affairs Committee of the European Parliament has
said in a recently adopted resolution that the European Commission’s proposed
financial transaction tax should be better designed in order to capture more traders
and to make evading it unprofitable.
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Hollande Eyes Growth-Orientated Fiscal Compact 4/26/2012 With just days to go before the second round of presidential elections,
French Socialist candidate François Hollande, currently ahead of his rival
Nicolas Sarkozy in the opinion polls, recently welcomed remarks made by President
of the European Central Bank Mario Draghi on the need to conclude a eurozone
pact on growth, to complement the fiscal compact aimed at strengthening budgetary
discipline among member states.
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France Publishes Revised 2012 'Black List' 4/26/2012 French Finance Minister François Baroin and Budget Minister Valérie
Pécresse have recently updated the country’s ‘black
list’ of countries deemed to be ‘uncooperative’ in tax matters.
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French Banks Defend Tax Policies 4/23/2012 The heads of two top banks in France have recently defended the banks’ policies and actions to senators, as part of a Senate committee’s ongoing enquiry into capital flight.
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France Keeps Fiscal Programme On Track 4/20/2012 French Finance Minister François Baroin and Budget Minister Valérie
Pécresse have recently reaffirmed the government’s growth forecast
for 2012 and 2013, and confirmed the planned path to return the country’s
public finances to balance, as laid out in the 2011-2016 stability programme,
achieved notably by means of targeted expenditure- and revenue-based measures.
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France Sees Dip In 'Auto-Entrepreneurs' 4/18/2012 Urssaf, the French organization responsible for the collection of social contributions,
has recently unveiled details of its latest assessment of the country’s
‘auto-entrepreneur’ regime, with its fiscal benefits for individual
traders in France, taken at the end of December 2011.
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France Launches 2012 Income Tax Campaign 4/18/2012 France’s directorate general of public finance has recently published
details of the timeframe for filing 2012 income tax declarations, together with
details of changes to look out for this year.
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Switzerland Stands Firm On Revised German Tax Deal 4/17/2012 Staunchly defending the importance of the bilateral tax agreement with Germany,
as a means to resolve the longstanding issue of undeclared assets held by German
residents in the Confederation’s banks, Swiss Finance Minister Eveline Widmer-Schlumpf
has ruled out any further compromises.
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Sarkozy Outlines Ambitious Campaign Tax Plans 4/13/2012 France’s outgoing President Nicolas Sarkozy has recently unveiled details
of his election proposals aimed at creating ‘a strong France’, and
containing a raft of tax measures, intended to attract voters.
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French Farmers Reap Benefits Of Fuel Tax Perk 4/11/2012 The French budget ministry has recently announced that requests for the partial reimbursement
of the taxes levied on fuel oil, off-road diesel and natural gas for 2011, applicable
to those engaged in agricultural activities, are to be submitted by April 15,
2012.
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France's Hollande Unveils 'Vast' Tax Reform Plans 4/11/2012 Bernard Cazeneuve, spokesman for the French Socialist presidential candidate
François Hollande, has recently unveiled details of Hollande’s tax
reform plans, designed to simplify and to make more transparent the current tax
system, and to create greater fiscal justice in France, reflecting true Republican
values.
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World Economic Forum Issues Global ICT Report 4/6/2012 The World Economic Forum, in collaboration with INSEAD, has issued the Global
Information Technology Report for 2012, which is said to be the most comprehensive
assessment of the preparedness of global economies to leverage the networked economy.
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Schäuble Eyes EU Tax On Shares 4/4/2012 Given the ongoing staunch opposition from certain countries to the idea
of a financial transactions tax in Europe, German Finance Minister Wolfgang Schäbule
has put forward an alternative proposal, starting with a tax
imposed on the stocks and shares of companies listed on the stock exchange.
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French Research Credit Key For Foreign Investors 4/3/2012 A recent report on 2011 foreign investment in France, published by the French agency for international investment, has shown that France remains an attractive destination for foreign investors, mainly attributable to the availability of the popular consolidated research tax credit.
|
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Hollande Seeks To Reduce Tax On Health Insurance 3/29/2012 French presidential candidate François Hollande has recently confirmed
his intention to reinstate the 3.5% tax on complementary health insurance contracts.
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Juncker Seeks Alternatives To FTT 3/29/2012 During a recent conference in Brussels, Luxembourg’s Prime Minister and
Eurogroup President Jean-Claude Juncker expressed his reservations regarding
the idea of a tax on financial transactions, advocating instead that an alternative
be examined.
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France Lowers Administrative Burden For Businesses 3/23/2012 The French finance ministry has recently unveiled details of a series of measures,
designed to reduce the administrative burden on businesses in France, within the
framework of the law pertaining to the simplification and reduction
of administrative procedures.
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Number Of French Tax Exiles 'Marginal' 3/22/2012 Linked to the French finance ministry, the national union of tax officials has recently revealed that only one in one thousand individuals subject to wealth
tax actually leaves France each year.
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Sarkozy Pledges To Halve Property Transfer Tax 3/21/2012 French President Nicolas Sarkozy has recently announced plans to significantly
reduce the transfer tax imposed on individuals when moving house.
|
 |
EU Consults On State Support For Film Finance 3/21/2012 The European Commission has launched a consultation on the state aid criteria
it proposes to use to assess proposals from member states to provide tax relief and other concessions to film financiers.
|
 |
Hollande Resurrects French 'Rocard Cap' 3/19/2012 Having recently announced plans to introduce a 75% rate of tax in France, levied
on income in excess of EUR1m (USD1.3m), French Socialist candidate for the Elysée
François Hollande has subsequently put forward the idea of re-establishing
a cap on taxation, to ensure that it is not ‘confiscatory’.
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Sarkozy Relaunches Debate On 'Google Tax' 3/16/2012 Within the framework of his electoral campaign, French President Nicolas Sarkzoy
has recently re-launched the idea of imposing a tax on Internet giants, such as
Google.
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Sarkozy Eyes 'Exile' Tax 3/15/2012 With the wind in his sails as he finally takes the lead in the run up to the presidential
elections, French President Nicolas Sarkozy has made further strides to rid himself
of his unwanted image of ‘president of the rich’, by announcing plans
to impose a tax on the country’s tax exiles.
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France Welcomes 2011 AML Unit Results 3/14/2012 French Finance Minister François Baroin and Budget Minister Valérie
Pécresse have recently welcomed the 2011 results of Tracfin, the ministry’s
national anti-money laundering unit.
|
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Sarkozy, Hollande Lock Horns On Taxation 3/14/2012 With just a month and a half to go before the start of the elections, French presidential
candidates Nicolas Sarkozy and his Socialist rival François Holland have
once again crossed swords on the key battleground issue of taxation.
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Sarkozy's 'Minimum Tax' To Hit 100 French Companies 3/13/2012 Around a hundred large groups would be affected by French President Nicolas
Sarkozy’s latest plans to introduce a minimum tax on the profits of large
international companies, according to his campaign spokesman and
former Ecology Minister Nathalie Kosciusko-Morizet.
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French Exit Tax Kicks In 3/12/2012 French Budget Minister Valérie Pécresse
has recently confirmed that the government’s exit tax, adopted by parliament
in July last year, applies to the transfer of a tax residence outside of France
since March 3, 2011.
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Sarkozy Seeks Minimum Tax For CAC 40 Groups 3/12/2012 Determined to refute claims by the left-wing opposition that he is ‘the
president of the rich’, in the run up to the presidential elections, French
President Nicolas Sarkozy has recently put forward the idea, if elected, of introducing
a minimum tax on the profits of large ‘international’ companies listed
in the CAC 40, the French stock index.
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French Union Seeks Tax Justice For Artisans 3/7/2012 The French professional union of artisans has recently criticized the
lack of provision in the government’s 2012 collective bill for a reduction
in employers’ social contributions for independent workers in France,
in return for the planned 1.6% rise in the 19.6% standard rate of value-added
tax from October 1.
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International Patent Filings Set New Record In 2011 3/7/2012 Despite difficult global economic conditions, international patent filings under
the World Intellectual Property Organization-administered Patent Cooperation
Treaty set a new record in 2011 with 181,900 applications – up 10.7% on 2010 and the fastest growth since 2005.
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Hollande Eyes French Local Tax Reform 3/6/2012 During a recent visit to Dijon, French Socialist presidential candidate François
Hollande pledged to reform local taxation in France, to strengthen the power
of the regions, and to grant them increased fiscal autonomy.
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Hollande, Miliband Hold Tax Talks 3/2/2012 During a recent meeting in London with the leader of the UK Labour Party Ed Miliband,
French presidential candidate François Hollande, currently championing
the introduction of a European tax on financial transactions, called for more
rigorous financial market regulation, while insisting, however, that he would
not be 'dangerous' for the City.
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Fuel Tax Cuts Ruled Out In France 3/2/2012 French Finance Minister François Fillon has recently ruled out the idea
of 'blocking' fuel prices, which have reached record levels in France,
and of reintroducing a 'floating' tax on fuel to curb excessive fluctuations
in the price of petroleum products.
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French Lawmakers Pass 2012 Collective Budget 3/2/2012 The French National Assembly has definitively adopted during a new reading the
government’s 2012 supplementary finance bill, a text which had previously
been rejected by the Senate, and providing notably for a rise in the standard
rate of value-added tax and for the introduction of a financial transactions
tax in France.
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Costa Rica Off French Tax 'Black List' 3/2/2012 Costa Rica has welcomed the decision of the French government to remove it from a 'black list' of
non-cooperative territories, a decision that the nation's Finance Minister said would have positive ramifications for investment flows.
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French Health Body Urges Tobacco Tax Rises 2/29/2012 In a recent opinion, the French High Council for Public Health has called
for the taxes currently levied on tobacco products to be increased and harmonized
to reduce the prevalence of smoking in France.
|
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France's Hollande Eyes 75% Tax Rate 3/1/2012 French Socialist candidate for the Elysée François Hollande has recently announced plans if elected to introduce a top rate of income tax
in France of 75%, imposed on income in excess of EUR1m (USD1.3m) a year.
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French Patent Increase Continues In 2011 2/29/2012 In 2011, the French national institute for industrial property recorded
a significant increase in the number of patents registered by businesses in France.
|
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French Senate Rejects 2012 Finance Bill 2/27/2012 The French Senate has recently rejected the country’s 2012 supplementary
finance bill, a text adopted by the French National Assembly during its first
reading on February 21.
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French Unions Up The Ante On Internet Tax 2/23/2012 The French union of national daily newspapers has called for a tax to
be imposed on stakeholders in the digital economy, notably Internet service
providers, search engines, portals, and manufacturers, and for the product
of the tax to be redistributed among editors of the written press.
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French Report Slams Tax Administration 2/23/2012 In its latest report, the French Court of Auditors has highlighted the fact
that there are still significant flaws in the service provided by the country’s
tax administration to individual taxpayers in France.
|
 |
France Backs New FATF Standards 2/21/2012 French Finance Minister François Baroin has welcomed the adoption
of the new Financial Action Task Force anti-money laundering standards following a lengthy process
undertaken in close consultation with the private sector and civil society.
|
 |
The Netherlands Ups Tax Treaty Negotiations In 2012 2/21/2012 Underlining the government’s commitment to negotiating new tax treaties
with other countries, the Dutch finance ministry has recently outlined details
of its specific plans for 2012.
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France's Hadopi Submits First Case Load For Prosecution 2/20/2012 Hadopi, the French authority responsible for the dissemination of works and
the protection of rights on the Internet, has revealed that it has
now sent the first batch of files of Internet users suspected of illegally downloading
films and music protected by copyright law to the public prosecutors office.
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France Adopts FTT In Supplementary Finance Bill 2/14/2012 Within the framework of a supplementary finance bill, the French council of
ministers has recently adopted the government’s plans for a rise in the
standard rate of value-added tax and for a tax on financial transactions;
measures intended to enter into force in France later this year.
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US To Cooperate With EU Countries On FATCA 2/10/2012 The United States Treasury Department and the Internal Revenue Service have
issued proposed regulations for the next major phase of implementing the Foreign
Account Tax Compliance Act, which also includes a joint statement with
France, Germany, Italy, Spain and the United Kingdom on a possible government-to-government
framework for information exchange.
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France Intensifies Clamp Down On Tax Evasion 2/9/2012 The French budget ministry has recently announced that its legal arsenal to combat
tax fraud has been strengthened over the course of the past two years, and has
confirmed that measures designed to further toughen sanctions will be included
in the country’s next supplementary finance bill.
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French Start-Ups Hindered By Red Tape 2/8/2012 The general council responsible for industry, energy and technology in France has recently published a report on the development of start-up businesses,
reviewing support networks, the fiscal and social environment as well as the conditions
for accessing finance, and has put forward a series of recommendations.
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EU 'Core' Presses For FTT 2/9/2012 French Finance Minister François Baroin has announced that nine European
countries have recently addressed a joint letter to the Danish Presidency of the
European Union calling for work to be accelerated on European plans for a
tax on financial transactions.
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 |
Jersey Hosts High-Level French Delegation 2/8/2012 Following a visit by a States-led delegation to address the French Parliament
in June 2011, two leading members of the French Senate Finance Committee on February
6, 2012, have reciprocated by holding meetings with decisionmakers in Jersey.
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FTT Will Hit UK Revenues Even With Opt Out 2/8/2012 David Cameron's refusal to sign a new European Union deal will not shield the UK from the impact of a financial transaction tax, Ernst and Young has said.
|
 |
Cameron Mocks 'Mad' French FTT Plans 2/3/2012 Signalling perhaps the demise of the Entente Cordiale, British Prime Minister
David Cameron has openly and pointedly mocked French President Nicolas Sarkozy’s
plans for the introduction of a tax on financial transactions in France.
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Sarkozy's Presidential Rival Outlines Fiscal Pledges 2/2/2012 French Socialist candidate for the Elysée, François Hollande,
has recently unveiled details of his presidential election programme, containing
a raft of fiscal measures, designed to stimulate the economy, to support small- and medium-sized companies in France, and to
reduce the public deficit to 3% of gross domestic product in 2013.
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FTT 'Simply Madness' Says Cameron 1/31/2012 The mere consideration of a financial transaction tax is 'madness', the UK's Prime Minister has said.
|
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Sarkozy Unveils Long-Awaited Fiscal Strategy 1/31/2012 With the presidential elections fast approaching, French President Nicolas Sarkozy
has recently unveiled details of a last salvo of reform measures, designed to
boost employment and reduce the deficit, including plans
to increase by 1.6% in October the standard rate of value-added tax in France, and proposals for a financial transactions tax.
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Danish Presidency's Fiscal Priorities Don't Include FTT 1/27/2012 Denmark’s Economic and Interior Affairs Minister Margrethe Vestager
recently explained to the European Economic and Monetary Affairs Committee that
the key priorities for the Danish Presidency of the European Union Council of
Ministers are increasing surveillance of budgetary policies, and the economic
and fiscal surveillance of eurozone member states facing serious financial instability.
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Sarkozy Readies Fiscal Strategy 1/26/2012 Hoping to avoid an electoral defeat in the forthcoming presidential elections, French President Nicolas Sarkozy intends to unveil concrete details
of proposed fiscal measures designed to stimulate the country’s economy
on January 29.
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French Wealth Tax Yields Surprising Revenues 1/26/2012 France’s solidarity tax on wealth, which was radically reformed by the government in
June last year, has served to yield much greater fiscal revenues for the state
than initially predicted.
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France Eyes Tougher Tax Evasion Sanctions 1/25/2012 Determined to bring about a change in behaviour among individuals in France,
the French finance ministry reportedly aims to toughen existing sanctions applied
in the case of tax evasion to ensure that the provisions in place are sufficiently
‘dissuasive’.
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French FM Sketches Contours Of FTT 1/25/2012 French Finance Minister François Baroin has recently confirmed government
plans to impose a financial transactions tax on shares, securities and derivatives.
|
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Hollande Relaunches French Debate On Anti-Piracy Tax 1/23/2012 During a recent visit to Nantes, Socialist candidate for the French presidency,
François Hollande, put forward the idea of abolishing the independent
authority currently responsible for the protection of rights on the Internet in
France, and replacing the body with a law providing for a tax on or contribution
from stakeholders in the digital economy to fund artistic creation.
|
 |
Rösler Eyes Stock Market Tax As EU Option 1/23/2012 German Economy Minister and leader of the ruling Free Democratic Party Philipp
Rösler has recently put forward the idea of introducing a European Union stock market sales tax, based on the existing UK model, as an alternative
to the controversial financial transactions tax, currently dividing opinion within
the coalition, and indeed within Europe.
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France Lowers Burden On Very Small Businesses 1/20/2012 Following a four hour summit meeting with the country’s social partners
at the Elysée, French President Nicolas Sarkozy unveiled details of a series
of agreed emergency measures, designed to reduce unemployment in France, including
notably plans to grant very small businesses exemption from charges in respect of young people they recruit.
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France, Germany To Act Swiftly On Tax Convergence 1/20/2012 France and Germany have pledged to put forward concrete proposals for a common
corporate tax base by the end of February, in a joint document outlining their
strategy for exiting the crisis and for strengthening growth.
|
 |
France Plans Limited 'Social VAT' Rise 1/19/2012 The French government’s planned rise in value-added tax, to finance
a reduction in employers’ social contributions, is not expected to exceed
2%, according to latest reports.
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French Unions Seek Rise In General Social Contribution 1/18/2012 Ahead of a summit meeting between the country’s social partners at the Elysée
palace, convened by French President Nicolas Sarkozy, and by way of an alternative
to the government’s plans to introduce a ‘social’ value-added
tax in France, the country's largest trade union confederation, the CFDT,
has put forward the idea of increasing the country’s general social contribution by 7% in return for a 10% reduction in employers’ contributions.
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France, Austria Successful In Combatting VAT Fraud 1/17/2012 The Franco-Austrian partnership agreement designed to strengthen the exchange
of information to uncover value-added tax fraud has proven to be highly effective
in practice, according to the Austrian finance ministry.
|
 |
Merkel Resolves To Accelerate Euro Fiscal Pact 1/17/2012 Following the recent decision by ratings agency Standard and Poor’s to downgrade
the credit ratings of nine eurozone member states, including crucially France
and Austria, German Chancellor Angela Merkel underlined the need to rapidly implement
the planned fiscal pact, agreed in December.
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Italy Backs EU Financial Transactions Tax 1/16/2012 Italy, under the new leadership of Prime Minister Mario Monti, has voiced support for the introduction of taxes on European financial transactions.
|
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French Welfare Reform Includes Plans For VAT Rise 1/16/2012 French Budget Minister and government spokesman Valérie Pécresse
recently confirmed that plans to reform the financing of the welfare system
in France will inevitably lead to an increase in value-added tax.
|
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Sarkozy's Rival Seeks To Modify Family Tax Break 1/12/2012 In yet another clear signal of disorder within the ranks of his own socialist
party, French presidential candidate François Hollande recently made
clear that he had absolutely no intention of abolishing the income tax break currently
benefiting families in France (le quotient familial).
|
 |
German Coalition Split On Tobin Tax 1/13/2012 Germany’s coalition government partners are once again on a head-on collision course,
divided this time on the issue of whether or not to implement a financial transactions
tax merely at eurozone level.
|
 |
French PM Hints At Third Austerity Package 1/12/2012 Seemingly the bearer of bad news, French Prime Minister François Fillon
recently indicated that the government has not ruled out the possibility of introducing
a third wave of austerity measures in France if necessary, despite announcing
that the public deficit for 2011 is expected to be significantly lower than the
previous forecast of 5.7% of gross domestic product.
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Sarkozy Seeks To Steer Merkel On 'Tobin' Tax 1/11/2012 Ahead of a crucial European Council meeting on January 30, and determined to gain
much needed ground in the run up to the presidential elections in France in April,
French President Nicolas Sarkozy advocated accelerating implementation of
a tax imposed on financial transactions, during his meeting with German
Chancellor Angela Merkel in Berlin on Monday.
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French SME Body Welcomes 'Social VAT' 1/10/2012 Underlining the need to reduce the cost of labour in France and to widen the base
for financing welfare, the French industry body representing small- and medium-sized
companies, CGPME, has called for a rise in value-added tax and for
a rise in the general social contribution in return for lower employer contributions.
|
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UK Will Block 'Tobin' Tax 1/10/2012 The UK's Prime Minister has again signalled his intention to block plans for a European Union-wide 'Tobin' tax, arguing that current plans are not 'sensible'.
|
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France Takes Lead On Transactions Tax 1/9/2012 France will continue to push for the introduction of a financial transactions tax in Europe this year, even without German backing for an acceleration of the implementation timetable for the proposed new levy.
|
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France To Hike VAT 1/6/2012 French President Nicolas Sarkozy announced on January 3 that his government
will hike value-added tax before upcoming elections, to allow for a reduction
in social security contributions paid by companies.
|
 |
UK VAT Hike Still Squeezing The Pocket 1/4/2012 The UK's value added tax rise added 1 percent to the level of prices in 2011, the accountancy firm PwC has calculated.
|
 |
Manx Tax Agreements Enter Into Force 12/29/2011 The Isle of Man government has noted the entry into force of two bilateral tax agreements,
signed with Canada and France.
|
 |
UK To Retain 'Uncompetitive' VAT Rate On E-books 12/27/2011 The UK Treasury has confirmed that it will not follow its European peers in slashing the value-added tax rate it places on electronic books sold on the Internet, commonly known as e-books, following recent decisions by the governments of France and Luxembourg, which may establish them
as domiciles of choice for Internet e-book retailers in Europe.
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French Parliament Waves Through Year End Collective Budget 12/28/2011 The French National Assembly (lower house) has definitively adopted the end
of year 2011 supplementary finance bill, containing a number of targeted tax
rises.
|
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France Definitively Adopts 2012 Austerity Budget 12/27/2011 The French National Assembly (lower house) has adopted during a final, definitive
reading the country’s 2012 finance bill, which it passed on December 15,
and which was subsequently rejected by the French Senate during its sitting
on December 20.
|
 |
French Lawmakers' Green Light To Panama DTA 12/26/2011 Safeguarding the interests of businesses in France, the French National Assembly
has definitively adopted a highly controversial bilateral tax agreement between
France and Panama.
|
|
French Deputies Restore 2012 Budget 12/20/2011 The French National Assembly (lower house) has adopted during a second reading
the country’s 2012 budget bill, essentially restoring the initial text
proposed by the government, and containing a raft of targeted tax rises and
cuts in public spending designed to enable the government to achieve its ambitious
deficit reduction targets.
|
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French Customs Reaps Billions For State Coffers 12/15/2011 The French budget ministry has recently announced that the country’s
customs administration collected a total of EUR62bn (USD81.5bn) in taxes and
excise duties in 2010.
|
|
France, Germany Work On Joint Tax Initiative 12/16/2011 French Finance Minister François Baroin has revealed that a Franco-German
‘contribution’ to the idea of a tax imposed on financial transactions
in Europe is due to be presented on January 23, with a view to being ‘operational’
in 2013.
|
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French Senate Committee Overturns 7% VAT Plans 12/14/2011 Within the framework of its examination of the country’s end of year
supplementary finance bill, the French Senate finance committee, with its now
left-wing majority, abolished government plans to increase the 5.5% reduced
rate of value-added tax to 7% for certain products and services.
|
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Sarkozy Stands By France's Fiscal Commitments 12/14/2011 While acknowledging that a downgrading of the country’s triple A rating
by credit rating agencies would certainly pose an additional difficulty, French
President Nicolas Sarkozy nevertheless insisted that it was not an insurmountable
problem, underlining the need above all for credibility as regards France’s
economic policy and its determined strategy to reduce spending.
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