French tax

French tax witch hunt fears as foe of ‘neoliberal Thatcherite’ order wins key job in Parliament

Eric Woerth, the outgoing chairman of the Conservatives’ finance committee, who recently joined the Macron camp, said the president’s role was “to control government action and public policy, not to poke his nose into [tax] records of any individual, family or business”. After the vote, he expressed “doubts about France Insoumise regarding this”. Gilles Carrez, […]

French tax

Residents of this state are ready to get tax refund checks of up to $300 per person

Image source: Getty Images While federal stimulus checks are a thing of the past, some state governments are sending checks to their residents. With gas and food prices rising lately, every little bit of extra money can make a difference. Hawaii is the latest state to approve relief checks. Hawaii residents filing their 2021 state […]

French tax

The Booming Global Tax Management Software Market with Major Key Players

Tax Management Software Market The research report of the report is a wide-ranging analysis and Impact of COVID19 in the global market and detailed information with segmentation has been added in this intelligence report. In this report, a comprehensive analysis of the current global market of the Global Tax Management Software Market in terms of […]

French tax

State pension income tax shock – triple-lock hikes could push millions into HMRC trap | Personal finance | Finance

This will bring the new state pension to around £10,600, rare good news for pensioners as the cost of living soars. It may not be the last big increase either, with inflation set to stay high for years. This will help the state pension to keep up with inflation, but it will not improve the […]

French tax

Bermuda Perspectives on Global Tax Initiatives

The world has seen major changes in tax laws and reporting requirements dating back a few years before the pandemic, but ultimately governments must ensure their tax systems are simple, fair and reliable. As the pandemic, natural disasters and wars deplete many government coffers, this article explores the international tax developments most relevant to the […]

French tax

EU Commissioner Mairead McGuinness on collision course with government over taxation

EU Commissioner Mairead McGuinness said she would support ending member states’ right to veto EU tax policy in some cases, putting the former Fine Gael MEP on a potential collision course with the government here who has long prized Ireland’s fiscal autonomy. Aread McGuinness said majority voting could be introduced if countries abuse their veto […]

French tax

McDonald’s agrees to pay $1.3 billion to settle French tax dispute

The logo of a McDonald’s restaurant is seen in Bordeaux, France, June 18, 2018. REUTERS/Regis Duvignau/File Photo Join now for FREE unlimited access to Reuters.com Register PARIS, June 16 (Reuters) – McDonald’s (MCD.N) has agreed to pay $1.3 billion in fines and back taxes to settle a tax dispute in France, ending a long investigation […]

French tax

McDonald’s will pay 1.25 billion euros to settle the French tax file

NEW YORK — McDonald’s will pay 1.25 billion euros ($1.3 billion) in France to avoid legal action for tax evasion between 2009 and 2020, under a settlement approved by a Paris court on Thursday. Judge Stéphane Noël upheld the second largest tax settlement in French history, consisting of a €508m fine and €737m in back […]

French tax

Online Tax Software Market Quality and Quantity Analysis

A new research study from JCMR with the title Global Online Tax Software Market Research Report 2022 provides an in-depth assessment of Online Tax Software, including key market trends, upcoming technologies, industry drivers, challenges, regulatory policies and strategies. The research study provides forecasts for investments in online tax software up to 2030. The report includes […]

French tax

Business community calls for bringing 3.5 million identified tax evaders and non-filers back to the tax net – Latest News – The Nation

ISLAMABAD – The business community called on Sunday to bring all 3.5 million identified tax evaders and millions of other non-filers immediately into the tax net to broaden the base to relieve existing taxpayers.Commenting on the federal budget, Federal Tax Ombudsman Coordinator and former Lahore Chamber Senior Vice President Meher Kashif Younis, Chamber of […]

French tax

Tax Avoidance Services Market 2022 Strategy, Trends, Growth, Size, Share, Demand and Forecast to 2028 – Deloitte, PwC, Ernst & Young – Instant Interview

Tax Avoidance Services Market The Tax Evasion Services Market report provides historical and current growth factors of the global market. The report incorporates financial data obtained from various research sources to provide specific and reliable analysis. The report provides information on major regions and countries in the world along with regional development status, volume, […]

French tax

Energy crisis: PM ignored advice to scrap green tax and ease bills by millions | Science | New

Economist Gerard Lyons reportedly made the recommendation to the Prime Minister during a private meeting in Downing Street on May 23. Downing Street Chief of Staff Steve Barclay, Cabinet Secretary Simon Case and a selection were also said to have attended. other officials from Numbers 10 and 11. Mr Lyons worked with Mr Johnson when […]

French tax

Malicious companies have been exposed that ran ‘as a service’ tax avoidance schemes

The Finnish tax administrationThe recent vetting action revealed that many actors are exploiting malicious activity to allow investors to evade Finnish taxes. We estimate that the systematic tax evasion of these companies resulted in a tax gap of €80 million for Finland from 2018 to 2021 each year, as taxes were not withheld at source. […]

French tax

Another delay in France Hlakudi tax evasion case as legal aid request approved

France Hlakudi during a previous court appearance. The R30 million tax evasion case against former Eskom top executive for investment contracts, France Hlakudi, has been postponed again so that his new lawyer can get up to speed on the facts of the affair. Hlakudi previously told the North Gauteng High Court in Pretoria that he […]

French tax

The reinsurer is not required to withhold tax on the “ceding commission” deducted by the Indian insurer

Indian Insurance Regulatory Development Authority (‘IRDAI’) governs the activities of the insurance industry in India. The insurance industry is not only highly regulated, but due to the unique and complex nature of the business, transactions are sometimes different from those found in other industries. This is perhaps the reason why the taxation of the income […]

French tax

Super-rich families have to wait longer for tax breaks in Singapore

Family offices trying to register for tax exemptions in Singapore face waits of at least eight months. (PHOTO: REUTERS/Edgar Su) By David Ramli, Joyce Koh and Lulu Yilun Chen (Bloomberg) – Registering to become super rich in Singapore has rarely taken so long. Family offices trying to register for tax exemptions in the city-state face […]

French tax

Tax Management Industry Expected to Reach $8 Billion by 2028 -Avalara, Wolters Kluwer, Longview, TaxSlayer, TaxJar, Xero, Intuit, Thomson Reuters, H&R Block, Drake Software, SOVOS, Canopy, TaxACT, Outright, Shoeboxed, Rethink Solutions, ClearTAX, WEBTEL, Inspur, Seapower

New Jersey, USA, – Mr Accuracy Reports published new research on Global Tax management solution covering the micro level of analysis by competitors and key business segments (2022-2029). The Global Tax Management Soultion explores an in-depth study on various segments such as opportunities, size, development, innovation, sales and overall growth of key players. The research […]

French tax

News Digest: French tax deadlines this week

2. Clarification of French rules on pet passports Since Brexit, the rules for traveling with your pet from the UK to France have changed, with UK pets no longer entitled to a pet passport and now requiring an Animal Health Certificate (AHC ) for traveling. However, many second home owners have wondered if their pet […]

French tax

Yellen’s Global Tax Plan Meets Resistance Abroad and At Home

US Treasury Secretary Janet Yellen, right, is greeted by European Commission President Ursula von der Leyen in Brussels during Yellen’s recent visit. (AP Photo/Olivier Matthys) KOENIGSWINTER, Germany (AP) — Treasury Secretary Janet Yellen marked a “historic day” last summer when more than 100 countries agreed to a global minimum tax agreement, aimed at putting countries […]

French tax

Journal: 2007 Nevada Tax Change Reduced Cost of Real Estate Transactions | app

LAS VEGAS (AP) — In 2007, shortly before the frantic implosion of the Las Vegas real estate market, Nevada lawmakers approved a seemingly minor tax law change. According to a Las Vegas Review-Journal investigation, the change allowed landowners to use a range of entities when transferring real estate to an affiliate to exempt those transactions […]

French tax

What do you risk if you are late with your French tax return?

Income tax declarations open in France in April but the deadlines vary according to your method of declaration and your place of residence. Here are the deadlines: Online: Residents of departments 0 to 19, deadline: 11:59 p.m. on May 24 Online: Foreign residents: May 24 Online: Departments 20-54: 11:59 p.m. May 31 Paper declarations for […]

French tax

US Treasury’s Yellen to Push Poland to Implement Global Minimum Tax

Treasury Secretary Janet Yellen testifies at the Senate Banking, Housing, and Urban Affairs Committee hearing entitled “Financial Stability Oversight Board Annual Report to Congress,” in the Senate Office Building Dirksen in Washington, DC, U.S., May 10, 2022. Tom Williams/Pool via REUTERS Join now for FREE unlimited access to Reuters.com Register WARSAW, May 16 (Reuters) – […]

French tax

How do French tax declarations work with Leboncoin income?

Reader question: I regularly sell items on Leboncoin and Vinted. I don’t make a lot of money, but do I have to report it for this year’s tax return? Websites such as eBay, Vinted or Leboncoin are popular in France and are used by millions of people to buy and sell everything from clothes to […]

French tax

Are there any capital gain allowances for stocks?

Reader question: Regarding the reporting of capital gains on shares, are there still allowances for holding shares for a certain number of years? I believe there are options as to how to declare them, but I’m having trouble understanding. Can you clarify? AW Indeed, it is now possible to have income tax applied at a […]

French tax

ALEX BRUMMER: Sunak must ease tax hikes to boost growth

Economic confidence is a fragile thing. The more our politicians fill the airwaves with grim warnings about the rising cost of living, the more likely they are to create the conditions for a severe downturn. It turns out that the first quarter production data could have been much worse. Growth in the first quarter was […]

French tax

Idaho Governor Talks Tax Cuts After April Earnings Report | National policy

BOISE, Idaho (AP) — Idaho Gov. Brad Little is promising more tax cuts after state budget officials announced Tuesday that April tax receipts nearly doubled from what was planned. The Republican governor, in a statement, attributed the $1.2 billion in April tax revenue to conservative principles. “Idaho’s record economy is no accident,” he said. “The […]

French tax

Four Common and Costly Mistakes to Avoid

The connection asked me if I wanted to write something related to tax reporting, because that time has come again. Usually I would decline the offer – I’m not in the tax administration business as my expertise is advice oriented. A French accountant, meanwhile, will propose the tax administration. However, they only offer help in […]

French tax

Why gas prices are going up despite tax cuts

The rising cost of crude oil is driving up petrol prices amid a three-month relief period during which Kiwis are expected to benefit from cheaper fuel prices. Petrol pump (file photo). (Source: istock.com) Sweeping changes to ease the price of transport were put in place in March, with the government cutting fuel taxes and halving […]

French tax

Pension: Britons must pay 55% tax for saving “too much” for retirement | Personal finance | Finance

The Pension Lifetime Allowance limits the amount a person can save over their lifetime without being subject to tax. However, many have criticized the tax, saying it punishes those who save “too much” in their kitty. Express.co.uk spoke exclusively with Andrew Tully, Technical Director at Canada Life, about the charge. He said: ‘The pension lifetime […]

French tax

Shell profits soar to £7.3bn as calls for windfall tax grow amid energy crisis

The big problem shop Eco-friendly gift baskets that have a positive impact The Big Issue has collaborated with Social Stories Club to create limited edition gift baskets. Filled with goodies made by social enterprises, this basket would make the perfect gift for the holiday season. Despite hints from Chancellor Rishi Sunak that a windfall tax […]

French tax

Do I have to file a French tax return if I only receive a British police pension?

Question from the reader: I am a pensioner living in France and receiving a UK police pension, which is taxed in the UK. Do I have to complete a French tax return, even if I have no taxable income in France? The short answer is yes. Income from foreign pensions is declared in France, even […]

French tax

Transportation sales tax on the ballot – Orlando Sentinel

Pamela Nabors, President and CEO, CareerSource Central Florida Last week: BOOKSTORES, COME BACK: A Sentinel article highlighted Barnes & Noble’s efforts to reinvent their brand. Bookstore empires are updating their image and gaining momentum again, focusing on book lovers like me. The B&N near me recently closed and I miss it! Although I can order […]

French tax

ITR Hub: Tax impact of the Russian-Ukrainian conflict

Wars wreak economic havoc Companies facing a global supply chain crisis, coupled with rising inflation, have seen these problems have done a lot aggravated by the Russian-Ukrainian war. Its impact has rippled through global energy markets. Europe was already facing a gas crisis before the start of the war, and it is only getting worse. […]

French tax

Understanding French taxation – Are you tax resident in France?

Being domiciled for tax purposes in France means that you must declare and be liable for French income tax (and possibly social contributions/social charges as well) on all your overall income. This includes your salary and business income, investment and savings interest, rental income, capital gains, inheritance, overseas pension and any other income. You must […]

French tax

Understanding French taxation – What is a tax household in France?

So how is income tax calculated based on your family quotient? Essentially, the combined household taxable income (for example, the combined total of your and your partner’s income) will be divided by your family quotient. The tax due on each share will be calculated and added together to obtain the amount of tax due. In […]

French tax

How the French tax authorities track undeclared swimming pools

The French tax authorities now use artificial intelligence software to detect undeclared swimming pools (which require property tax payment) – although critics doubt its reliability. Since the beginning of 2021, the government body in charge of taxes, the Directorate General of Public Finances (DGFiP) has been developing an AI tool in partnership with Google and […]

French tax

How to request a tax number for your first French tax return

Question from the reader: We are British pensioners living in France. We are each under the UK tax threshold and are not required to submit UK tax returns. Do we need French tax numbers and submit declarations here? How to request the French tax number? All residents of France must file an income tax return […]

French tax

UBS pays France 800 million euros in French tax case By Reuters

© Reuters. FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Switzerland October 25, 2018. REUTERS/Arnd Wiegmann ZURICH (Reuters) – UBS has paid the French state 800 million euros ($869.92 million) in civil damages in a French tax evasion case, its annual report said on Monday. . A Paris appeals court in […]

French tax

Eight tips to avoid a French tax audit

Checks carried out by tax officials on people’s financial affairs generated an additional €7.8 billion for state coffers in 2020 (latest published figures). Maximizing tax revenue is now seen as more important than ever, which means controls are on the rise. Everyone living in France must make a declaration of their worldwide income, although tax […]

French tax

Transactions between head office and branches: the French tax authorities comment on the European cases Skandia and Dansk bank

The French tax administration (“FTA”) has just published comments clarifying its position with regard to recent case law governing the fate of flows between branches (branch or head office) of the same legal entity, which are also members of a VAT group in the State where they are established. The AFC considers the provision of […]

French tax

UBS bank appeals a second time against a fine for French tax evasion

UBS argues that the evidence presented in court was insufficient to establish guilt. Keystone / Sebastian Gollnow Switzerland’s largest bank, UBS, has announced that it will appeal again against a fine imposed by a French court for tax evasion offences. This content was published on December 20, 2021 – 18:04 December 20, 2021 – 6:04 […]

French tax

The fine for French tax evasion of the UBS group (UBS) reduced to 3.75 million euros

Legal hassles escalated to UBS Group AG UBS and its French unit UBS France SA, regarding the bank’s cross-border business activities in France between 2004 and 2012. A court of appeal in France ordered the Swiss bank to pay a fine of 3.75 million euros for solicitation illegal and laundering of tax evasion income from […]

French tax

Pay less French tax on your 2021 income by giving or investing this month

With the end of the year just a few weeks away, it’s worth remembering that there are several ways to donate or invest in order to reduce your tax bill for 2021. Donating to a recognized charity is one way to reduce your taxes while helping a good cause at the same time. There are […]

French tax

Will drones join satellites to unmask French tax evaders?

The success of a new satellite campaign to unearth French property owners who evade their tax obligations by failing to declare property improvements will determine whether a hitherto rock-solid ban on the use of low-altitude drones to throw a peek into the affairs of private citizens is added to this mix of spy tools. It’s […]

French tax

French tax administration starts using aerial shots to find undeclared swimming pools

The French tax administration will analyze aerial imagery to track undeclared home improvements such as swimming pools, verandas and extensions in nine departments starting this month. The nine departments are: Alpes-Maritimes, Ardèche, Bouches-du-Rhône, Haute-Savoie, Maine-et-Loire, Morbihan, Rhône, Vendée and Var. The trial in the nine departments will last a few months, with first results expected […]

French tax

UBS able to absorb large potential fine in French tax ruling, analysts say

UBS Group AG has enough capital to absorb a potential fine of several billion euros in its ongoing tax evasion case in France, analysts say. Swiss bank appeals a 4.5 billion euros fine imposed on in 2019 by a French court of first instance which found him guilty of complicity in tax evasion, claiming that […]

French tax

French tax authorities start using aerial footage to find undeclared swimming pools

The French tax authority will analyze aerial imagery to track undeclared home improvements such as swimming pools, verandas and extensions in nine departments from this month. The nine departments are: Alpes-Maritimes, Ardèche, Bouches-du-Rhône, Haute-Savoie, Maine-et-Loire, Morbihan, Rhône, Vendée and Var. The experimentation in the nine departments will last a few months, with first results expected […]

French tax

UBS verdict postponed in € 4.5 billion French tax case | Invest News

PARIS (Reuters) – French judges on Monday deferred a ruling on UBS’s appeal against a historic fine on Monday to December 13, in a case in which the Swiss bank disputed claims it helped high net worth clients hide assets not declared abroad. The judges said the decision had to be delayed due to the […]

French tax

Macron’s government defends tax cuts and French spending with 2022 budget

PARIS, September 22 (Reuters) – The government of French President Emmanuel Macron on Wednesday defended its unprecedented tax cuts and spending in the event of a pandemic as it presented its budget plans for 2022, the presidential election year. Seven months before the poll, right-wing candidates have already attacked the government for the 130 billion […]

French tax

The Picasso family donates works of art to pay French tax

Published on: 09/20/2021 – 6:24 PMAmended: 09/20/2021 – 6:22 PM One of Picasso’s daughters gave eight of his works and a book of drawings to the French state as inheritance rights in a ceremony on Monday. Six paintings and two statues of the Spanish master were donated to the Picasso Museum in Paris by his […]

French tax

The Picasso family hands over works of art to pay French tax

One of Picasso’s daughters donated eight works of art and a book of drawings to the French state on Monday in lieu of paying inheritance tax. Six paintings and two statues by the Spanish master were donated to the Picasso public museum in Paris by his daughter, Maya Ruiz-Picasso. The works include The child with […]

French tax

The French tax authorities will work with Google to identify undeclared pools

Property tax evaders who try to hide swimming pools are targeted by aerial photos and artificial intelligence. As part of a € 12 million deal with Google and IT company Capgemini, the French tax administration will use the technology to find undeclared swimming pools, tennis courts, conservatories and extensions. These “extras” must be declared because […]

French tax

US bank reaches 25 million euro deal to settle tax evasion investigation in France

Published on: 02/09/2021 – 16:35 US banking giant JPMorgan Chase has agreed to pay 25 million euros to settle a lengthy criminal investigation into allegations it helped a French investment bank commit tax evasion. France’s financial prosecutor’s office has alleged that JPMorgan helped executives of investment group Wendel set up a profit-sharing entity that allowed […]

French tax

The French tax administration will work with Google to identify undeclared pools

Property tax evaders trying to hide the pools are being targeted by aerial photos and artificial intelligence. As part of a 12 million euro deal with Google and IT company Capgemini, the French tax authorities will use the technology to search for undeclared swimming pools, tennis courts, conservatories and extensions. These “extras” must be declared […]

French tax

Would a six month visa plus a 90 day stay make us French tax residents?

Question from the reader: We are British retirees with a second home in Brittany. If we were to visit France for a period of 90 days in a given year and then apply for a six month visa to allow us to stay longer, would that result in our pensions being subject to French tax? […]

French tax

Would a six-month visa plus a 90-day visit make us French tax residents?

Reader question: We are British pensioners with a second home in Brittany. If we were to visit France for a period of 90 days in a given year and then apply for a six month visa to enable us to stay longer, would that result in our pensions being taxed to France? J.F. The law […]

French tax

How the French tax authorities research online social networks to detect fraud

In the finance bill for 2020, the French tax and customs administration was authorized, on an experimental basis, to use information from social networks and online sales sites to trigger tax and customs investigations. The terms of application are now published. This article examines the scope of this new process, how it will work in […]

French tax

Completing your first French tax return: a simple guide

Your very first return can be submitted in paper form, which was the only option until recently. Indeed, the beginners were not registered with the tax system and did not have a tax identification number. However, you can now apply for a number online, which will also allow you to make your first declaration online. […]

French tax

New tax compliance audit process in France — In practice

How about asking the private sector to audit companies on their tax compliance? Nothing should prevent it, because it already exists in many activities for which the public authorities rely on the private sector to verify the safety regulations. The French tax administration (AFC) published on January 13, 2021 a decree (Decree n ° 2021-25 […]

French tax

UBS verdict still in a few months in a French tax case of 4.5 billion euros

PARIS, March 24 (Reuters) – French judges are due to rule in September on Swiss bank UBS’s late appeal against a heavy fine for allegedly helping wealthy clients hide undeclared assets abroad. UBS is seeking to overturn a 2019 French court ruling in which it was found guilty of unlawful solicitation of clients at sporting […]

French tax

UBS faces at least $ 3.6 billion in penalties in French tax lawsuit

FILE PHOTO: The logo of Swiss bank UBS is seen at its headquarters, as the spread of coronavirus disease (COVID-19) continues, in Zurich, Switzerland on February 17, 2021. REUTERS / Arnd Wiegmann PARIS, Reuters The French state is also seeking € 1 billion in damages, the court said in a statement – raising the potential […]

French tax

UBS launches record-breaking € 4.5 billion appeal in French tax case

ZURICH / PARIS, March 5 (Reuters) – Swiss bank UBS (UBSG.S) will appeal on Monday against a record fine of 4.5 billion euros ($ 5.37 billion) imposed by a French court for allegedly helped high net worth clients hide undeclared assets overseas. The case will be watched by banks across Europe, where fines for tax […]

French tax

UBS hits record 4.5 billion euros in tax appeal in France | Invest News

By Brenna Hughes Neghaiwi and Sarah White ZURICH / PARIS (Reuters) – Swiss bank UBS to begin appeal on Monday against a record fine of 4.5 billion euros ($ 5.37 billion) imposed by a French court for allegedly helping wealthy clients hide assets not declared abroad. The case will be followed by banks across Europe, […]

French tax

UBS heads for record €4.5 billion appeal in French tax case

By Brenna Hughes Neghaiwi, Sarah White ZURICH/PARIS (Reuters) – Swiss bank UBS will begin its appeal on Monday against a record 4.5 billion euro ($5.37 billion) fine imposed by a French court for allegedly helping wealthy clients hide undeclared assets abroad. FILE PHOTO: The company logo is seen at a branch of Swiss bank UBS […]

French tax

French tax administration tests social networks to detect fraud

The French tax administration will now be able to use the data published online to cross-check tax returns. This includes text, images, videos, and photos posted on social media sites such as Facebook, Twitter, and Instagram, as well as online shopping platforms such as Leboncoin, Vinted, and Ebay. The new measure is being implemented on […]

French tax

Amazon rejects French tax initiative, Apple negotiates

AppleInsider is supported by its audience and is eligible to earn an Amazon Associate and Affiliate Partner commission on qualifying purchases. These affiliate partnerships do not influence our editorial content. Google, Microsoft and Facebook have signed a new “Tech for Good Call”, a French initiative that includes principles on taxation. Amazon, however, refused to cooperate […]

French tax

Axa challenges the French tax ruling on Luxembourg profits

Axa challenges the French tax ruling on Luxembourg profits Taxes 16.11.2020 From our online archive French tax authorities found in 2016 that Axa made at least €130 million in undeclared profits in a Luxembourg-based structure between 2005 and 2010 French tax authorities found in 2016 that Axa made at least €130 million in undeclared profits […]

French tax

What do the changes to French tax law mean for expats?

High net worth and ultra-high net worth individuals living or owning property in France should understand the most relevant changes to French tax law, which are expected to be announced in the 2020 budget, writes Joanne Leach, Senior Client Director at Salle Strabens France. Assess the situation before acting. Remember that French inheritance rules are […]

French tax

The tax refund scam in France circulates by e-mail

Opening the message sent to personal email addresses says “Hello, after the last calculations for the exercise of your activity, we have determined that you are eligible to receive from our part in the amount of …” (Hello, our latest calculations of your professional activity show that you are eligible for a reimbursement in the […]

French tax

UBS can no longer challenge client data transmitted to the French tax authorities – Swiss Court

Band John Revill ZURICH, July 16 (Reuters) – UBS UBSG.S will no longer be informed or able to challenge customer data that Swiss tax authorities pass to their French counterparts investigating allegations of tax evasion, a Swiss court ruled on Wednesday. The Swiss Federal Administrative Court has upheld the decision to revoke UBS’s position as […]

French tax

French tax and social measures in response to the COVID 19 epidemic: Specific measures for the hotel and leisure industry | Denton

Companies in the hotel, leisure and entertainment sectors can benefit from special measures such as the cancellation of certain tax and social charges. Some of these measures have already been specified in a government press release dated April 24, 2020, which is aimed at professionals in the hotel, catering, sports, culture, tourism and leisure sectors. […]

French tax

US-French tax truce respite from strained relations with EU

DAVOS, Switzerland (AP) — France will delay its tax on big tech companies like Google and Facebook in return for a U.S. promise to suspend retaliatory tariffs — a potential sign of goodwill in growing trade relations. more tense between the United States and the European Union. After US President Donald Trump threatened the EU […]

French tax

Macron and Trump agree to extend discussions on French tax on web giants

Published on: 01/21/2020 – 09:08 The French and US presidents said on Monday they had agreed to extend negotiations on a French tax on digital companies, including Google and Facebook, postponing Washington’s threat of sanctions against Paris. French President Emmanuel Macron tweeted Monday in French and English that he had a “great discussion” with Donald […]

French tax

Tech giants push for tariffs as French tax fight intensifies

Amazon, Google and Facebook have approved the administration’s plan to impose tariffs on $2.4 billion worth of French cheese, champagne, handbags and other products if a negotiated solution fails. can be found on the tax, which applies to things such as targeted advertising and the provision of platforms that connect buyers and sellers. The Computer […]

French tax

Big tech target for French tax, Trump response could put wine and cheese in the crosshairs

As the United States and China engage in protracted negotiations to avoid a trade war, the Trump administration braces for another trade skirmish with a more unexpected foe. The latest trade battle appears to center on France, better known for its wine and cheese exports than the intellectual property theft that inspired China’s trade setback, […]

French tax

Report: Louis Vuitton cuts staff discounts after French tax audit

Paris, France – Louis Vuitton is cutting deep discounts for staff members and their families after a French tax authority ruled bargain prices on haute couture should be considered a taxable benefit, according to people familiar with the matter. The LVMH brand has agreed to end staff discounts of up to 90% for unsold products, […]

French tax

Warning after closing a fake French tax website

French authorities have urged taxpayers to remain vigilant after the shutdown of a bogus website set up to hack the data of people trying to settle their property tax or housing tax bills. The bogus site was so convincing that it prompted Finances Publiques to issue a warning on social networks: “A fraudulent tax-free.gouv.app site […]

French tax

Google to pay over $ 1 billion in fines to end France tax evasion investigation

PARIS: US Internet giant Google has reached an agreement worth a total of 945 million euros ($ 1.0 billion) to end a tax dispute in France under an agreement announced Thursday in court. The company will pay a fine of 500 million euros for tax evasion, as well as an additional 465 million euros to […]

French tax

French tax dispute: Google pays $1.1 billion, Apple could be next

Google has agreed to pay nearly 1 billion euros ($1.1 billion) to settle a French tax dispute. The amount includes €465m in underpaid taxes and a fine of €500m. Google said in a statement that it “agreed” to pay the tax… Reuters reports. Google announced on Thursday that it had agreed to pay 465 million […]

French tax

Google pays more than a billion dollars to settle French tax affairs

PARIS — Google is paying more than $ 1 billion in fines and back taxes to settle two tax disputes in France, where it has faced years of investigations into whether it has correctly reported all its activities in the country. The French financial prosecutor said on Thursday that a court had approved a 500 […]

French tax

Former Swiss HSBC banker pleads guilty in $1.8bn French tax case

The former head of the Swiss private unit of banking giant HSBC has pleaded guilty in France to helping wealthy clients hide $1.8 billion. Peter Braunwalder, who led HSBC Private Bank (Switzerland) from 2000 until his retirement in 2008, was sentenced to a $560,000 fine and a one-year suspended prison sentence, according to information from […]

French tax

Trump threatens ‘reciprocal action’ on French taxation of US tech companies

President Donald Trump criticized France on Friday for enacting a 3% tax on US tech companies like Amazon, Facebook and Google and threatened to tax French wines in return. “France has just imposed a digital tax on our big American tech companies. If anyone is taxing them, it should be their home country, the United […]

French tax

The United States launches an investigation into the French tax on tech giants like Facebook, Apple, Google

Published on: 07/11/2019 – 00:19Amended: 07/11/2019 – 15:16 US President Donald Trump on Wednesday ordered an investigation into France’s plans to tax tech companies, an investigation that could lead the US to impose tariffs in a new trade dispute with the EU . The French Parliament definitively adopted the law on Thursday, making France the […]

French tax

Tax exemption of assets held in transparent partnerships: the Council of State annuls its Lupa case law

By a decision dated April 24, 2019 [1]the French Supreme Administrative Court (Board of state) radically reversed its previous position taken in the Lupa Case [2]judging that the derogatory method of valuation of the capital gains resulting from the transfer of shares of a transparent civil company provided for by its ask jurisprudence [3] is […]

French tax

Carmignac Gestion pays 30 million euros to settle a French tax investigation

Carmignac Gestion, one of France’s most prominent asset managers, has agreed to pay a €30 million fine to authorities to settle an investigation into allegations of tax evasion. The investigation by the Financial Prosecutor’s Office focused on how certain Carmignac executives were paid via a Luxembourg subsidiary between 2010 and 2014. The authorities challenged Carmignac’s […]

French tax

Google owes no French sales tax to advertisers, according to court rules–MNE Tax

Through Pascal Luquet, Mickaël Duquenne, & Paul Bufort, Grant Thornton Law Firm, Neuilly-Sur-Seine, France Google has just won a new battle against the French tax authorities. On April 25, the Paris Administrative Court of Appeal confirmed that Google Ireland had no permanent establishment in France from 2005 to 2010. Google was not taxable in France […]

French tax

Shareholders snub UBS leadership following French tax conviction

BASEL, Switzerland (Reuters) – UBS Group shareholders on Thursday refused to endorse the performance of the Swiss bank’s management last year in a rare rebuke to a French conviction for helping wealthy clients evade tax. Axel Weber, chairman of Swiss bank UBS, addresses the company’s annual meeting of shareholders in Basel, Switzerland May 2, 2019. […]

French tax

UBS reserves 450 million euros for the French tax file

Through Brenna Hughes Neghaiwi FILE PHOTO: The logo of Swiss bank UBS is seen in St. Moritz, Switzerland February 10, 2017. REUTERS/Stefano Rellandini/File Photo ZURICH (Reuters) – Switzerland’s biggest bank, UBS, announced on Friday an increase of nearly $400 million in its litigation provisions after a French court fined it 4.5 billion euros ( $5.09 […]

French tax

The French tax on internet giants could bring in 500 million euros per year: Le Maire

PARIS (Reuters) – A 3% tax on French income from large internet companies could bring in 500 million euros (£ 568.5 million) a year, French Finance Minister Bruno Le Maire said on Sunday. The Mayor told Le Parisien newspaper that the tax targeted companies with global digital turnover of at least 750 million euros and […]

French tax

UBS ignored whistleblower warnings in French tax case: ruling

PARIS (Reuters) – UBS has been repeatedly warned over a period of at least six years that its French private bank was at risk of breaking local tax laws, according to the judgment written in a case where the Swiss bank is facing 4 .5 billion euros ($5.10 billion) penalty. FILE PHOTO: The logo of […]

French tax

UBS hit with 4.5 billion euro fine in French tax evasion ruling

UBS has been fined a record 3.7 billion euros and ordered to pay 800 million euros in damages in France after a judge found the Swiss bank guilty of helping wealthy clients to escape paying tax. After a six-week trial, the French court found that UBS unlawfully laundered the proceeds of tax evasion and violated […]

French tax

UBS to appeal after 4.5 billion euro fine in French tax evasion case

By Inti Landauro, Emmanuel Jarry PARIS (Reuters) – A French court has found Swiss bank UBS AG guilty of unlawful solicitation of clients and laundering the proceeds of tax evasion, ordering it to pay 4.5 billion euros ($5.1 billion ) fines. Shares of the Swiss bank fell 3.2% after Wednesday’s decision. UBS, which has denied […]

French tax

UBS avoids $6 billion settlement in French tax investigation

That’s UBS Group AG’s $6 billion gamble, but the risk stretches far. The Swiss lender avoided a settlement in a French tax investigation after it failed to agree on an amount, exposing it to legal claims from the state and prosecutors. Paris judges are imposing up to 5.3 billion euros ($6 billion) in fines and […]

French tax

Apple agrees to pay 500 million euros to end 10 years of tax battle in France

Apple has settled a decade-long tax battle with France, agreeing to pay half a billion euros ($570 million) in back taxes. The French government had accused Apple of evading or avoiding the tax due on sales made in France… The line between tax evasion, which is illegal, and aggressive tax evasion, which is legal, can […]

French tax

French tax on Google, Facebook to apply from January 1, 2019 – POLITICO

A French tax on digital giants including Google and Facebook will come into force on January 1, 2019, Economy Minister Bruno Le Maire announced on Monday. The government, which has lobbied unsuccessfully for a pan-European “digital tax”, hopes the tax will bring in 500 million euros per year in state coffers. The Mayor had previously […]

French tax

Apple is going to court with a group of French tax activists who describe the company as the empire of Star Wars

Last month, Apple sued the French tax activist group “Attac” for occupying its flagship Paris store during a protest against what Attac called “large-scale tax evasion”. Apple today asked the Paris court to ban the group from its French stores and prevent further stunts from happening. In response to the court filing, Attac mobilized in […]

French tax

French tax reform – Lexology

On November 15, 2017, the French government published a draft reform of the tax regime applicable to mergers and divisions. The bill would remove some of the most stringent requirements currently applicable to cross-border and domestic reorganizations. SUMMARY The proposed reform aims to bring French tax law into line with the EU Merger Directive and […]

French tax

HSBC agrees to pay 300 million euros to solve a French tax investigation

HSBC has reached an agreement with French authorities to pay 300 million euros to settle a criminal investigation into allegations that it helped customers evade tax, according to a statement from a French prosecutor. France’s financial public prosecutor said the payment was linked to wrongdoing by HSBC’s private bank in Switzerland in 2006 and 2007 […]

French tax

French tax legislation applicable to trusts: new sanctions apply to trustees in the event of non-compliance with reporting obligations

Until now, article 1736 IV bis of the General Tax Code (CGI) provided for very heavy penalties for trustees who did not comply with the reporting obligations imposed by French tax legislation applicable to trusts. Following a decision of the Constitutional Court dated July 22, 2016, the French tax administration modified the penalties applicable in […]

French tax

The heir to the artistic dynasty Guy Wildenstein cleared of a French tax fraud of 550 million euros | France

The scion of Franco-American artistic dynasty Guy Wildenstein has been cleared of French authorities for hiding paintings and properties worth hundreds of millions of euros after one of the biggest tax evasion trials ever staged in the country. State prosecutors had wanted the 71-year-old to be sentenced to two years in prison and fined 250m […]

French tax

Verdict expected in French tax evasion case of Arts Dynasty scion

PARIS, France (AFP) — A French court will rule on Thursday in the case of the descendant of the Franco-American artistic dynasty Guy Wildenstein, accused of having hidden from the tax authorities paintings and properties worth several hundred million euros. Prosecutors have asked that the 71-year-old be sentenced to two years in prison and fined […]

French tax

French tax authorities are turning a hungry eye on McDonald’s

PARIS – The French headquarters of McDonald’s has been raided by financial investigators, the latest salvo in a campaign by the government of President François Hollande to force multinationals to pay more taxes. A police official, who could not be named under departmental policy, said Thursday that documents were removed during the May 18 search. […]

French tax

French tax police raid Google’s Paris office

French police raided Google’s Paris office as part of an investigation into the company’s tax affairs. The raid began at 5 a.m. Paris time on Tuesday, according to the local newspaper. The Parisian. It involved five prosecutors, 25 computer scientists and investigators from the French tax authorities and the Central Office for the Prevention of […]

French tax

McDonald’s hit by French tax bill

McDonald’s France has received a bill for allegedly unpaid taxes, part of a crackdown by French authorities against multinational companies that transfer their profits overseas. According to people familiar with the matter, the French finance ministry disputed the amount of money McDonald’s France paid to a Luxembourg-based subsidiary for services – including its use of […]

French tax

Participations are targeted by the French tax authorities

Article 29 of the 2015 amending finance law (lamending finance bill for 2015 “LFR 2015), which went relatively unnoticed, substantially modifies articles 119 ter and 145 of the CGI, restricting the exemption from withholding tax on distributions to foreign parent companies and the exemption from tax on subsidiary parent companies (“IRS” ) on dividends for […]

French tax

Opening of the trial for tax evasion of the disgraced former minister Cahuzac | France

France is preparing to hear the shocking details of the biggest scandal to hit Francois Hollande’s presidency as former budget minister Jérôme Cahuzac stands trial for tax evasion. Cahuzac was appointed tax czar of Holland in 2012 to lead the socialist president’s crusade against super-rich tax cheats and make the rich pay their fair share […]

French tax

French tax authorities investigate Karl Lagerfeld for tax evasion

The new year may have begun, but an old trend seems to refuse to go out of style: big names in the luxury industry breaking the law for alleged tax evasion. The final high profile name in question is Karl Lagerfeld. French authorities announced on Thursday that the Chanel designer was the subject of a […]

French tax

Karl Lagerfeld in talks with the French tax authorities – WWD

PARIS — Karl Lagerfeld, one of the hardest-working and best-paid fashion designers, is under the control of the French tax authorities. The revelation was made by the French news weekly L’Express, which published a three-page article on Wednesday under the title “L’argent voyageur de Lagerfeld”, or “L’argent voyageur de Lagerfeld” in English. The report alleges […]

French tax

French tax law: Judgment of the Court of Cassation on foreign tax credits

The French Supreme Court (Council of State) has ruled that the France-China tax treaty should be interpreted as including a notional tax credit provision, under which French taxpayers are entitled to foreign tax credits even in the absence of any withholding tax in China CONTEXT In accordance with the provisions of the tax treaty between […]

French tax

French taxation exceeds 100%

Flag of France (Photo credit: Wikipedia) More than 8,000 French households paid taxes exceeding 100% of their income, according to data from the French Ministry of Finance. To see Taxes on Some Wealthy French Top 100% Earners. You may scratch your head in disbelief. How is it possible? In the United States, you might guess […]

French tax

Ligue 1: How controversial French tax plans could halt league growth | Launderer’s report

Jamie McDonald/Getty Images When Socialist Party leader Francois Hollande was elected President of France in May 2012, he was backed on the basis of a number of pledges. Perhaps the most drastic of these was a tax on the “super rich”. All annual income above €1m a year would be taxed at 75% to help […]

French tax

Belgian town welcomes French tax exile Gérard Depardieu – The Denver Post

NECHIN, Belgium – The last time a large star lit up this sleepy village of potato fields and pastures was in 1667, when the Sun King, Louis XIV of France, stopped here for the day, but even he might not have created the commotion caused by Gérard Depardieu. The famous actor and France’s most reviled […]

French tax

Nutella maker says it will brave French tax hike

PARIS (Reuters) – Makers of the popular Nutella spread say they won’t change the lucrative recipe even if France, its biggest market, approves proposals to quadruple the tax on a key ingredient in the gooey mix, l ‘Palm oil. Senators in France, where a leftist government typically raises taxes to help reduce bloated debt, have […]