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France Mulls Anti-Tax Evasion Bill

by Ulrika Lomas, Tax-News.com, Brussels

26 April 2013


The French Government has presented a bill to the country's Council of Ministers, designed to strengthen the fight against tax evasion and financial crime. According to the French Finance Ministry, the text serves to complete the set of anti-tax evasion measures provided for in the 2012 supplementary finance laws.

The bill establishes a "tax police" to combat tax evasion, and creates an "aggravating circumstance" for the most serious types of tax fraud, notably tax evasion committed by an organized group. To deal with such cases, investigators will have recourse to special investigative techniques, including surveillance and infiltration. Sanctions include a seven-year prison sentence and EUR2m (USD2.6m) fine.

Furthermore, the penalties applicable to legal persons in the case of tax fraud will be aligned with those applicable to individuals, the tax administration's control powers will be strengthened, and the regime for confiscating criminal assets will be reinforced to guarantee the efficient recovery of illegally held sums.

The legislative framework for the country's special national prosecutor, who will be responsible for pursuing complex cases of tax fraud and corruption, is to be presented to the Council of Ministers on May 7.

TAGS: individuals | compliance | Finance | tax | investment | tax compliance | tax avoidance | law | penalties

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