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 […]
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 […]
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 […]
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 […]
TLI is an essential tool to facilitate and secure transactions in France Dean: How has tax liability insurance entered the French market over the past five years? Emmanuelle : Probably due to their Latin culture, French players have been slow to enter the Guarantee and Indemnification (W&I) market and, similarly, have been slow to incorporate […]
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 […]
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 […]
Utmost Wealth Solutions, which is part of Utmost International today (October 4), announced its entry into the French market with the launch of a new Life Insurance product for expats living there. Apex (France) combines a life insurance contract with a range of investment options designed to meet the needs of clients and offering a […]
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 […]
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 […]
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? […]
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 […]
The French tax insurance space is expanding Transact is one of the few insurers located on the European continent and they have a strong presence in Benelux and France. They have seen a significant increase in the French Guarantee and Indemnity (W&I) and Tax Liability Insurance (TLI) market over the past few years. Dean: Can […]
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. […]
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 […]
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, […]
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 ($5.37 billion) fine imposed by a French court for allegedly helping wealthy clients hide undeclared assets abroad. FILE PHOTO: The company logo is seen at a branch of Swiss bank UBS […]
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ZURICH / PARIS, March 5 (Reuters) – Swiss bank UBS (UBSG.S) will appeal on Monday against a record fine of 4.5 billion euros ($ 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 […]
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 […]
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 […]
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 […]
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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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
I live in France and my parents give me €6,000 every year. The French tax authorities ask questions about this and refuse to give me my income tax return (which impacts everything here). Do you have any advice for me? Should I ask my mother to confirm that this is a non-taxable gift? Am I […]
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 […]
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 […]
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 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 […]
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 […]