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

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

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

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

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

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 market

The development of civil liability insurance on the French market

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 […]

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 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 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 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

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

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

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

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

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

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

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 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

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

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

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 […]