June 22, 2008
FRANCE – UK – Signature of a new tax treaty - France and the United Kingdom signed a new income tax treaty on 28 January 2004. This treaty never entered into force. It is superseded by the new treaty signed on 19 June 2008 who will replace the French-UK tax treaty of May 22, 1968 once in force.
Main changes relates to an extension of the benefit to the partnerships, the tax treatment of the REITS, the 5 years wealth tax exemption for UK citizen, change of withholding taxes on passive income and more flexibility for the French worldwide tax consolidation for corporation.
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May 6, 2008
Respite of tax collection - Respite of tax collection is automatically granted when the claim is for an amount of taxes less than 4500 Euros.
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April 28, 2008
Bill for the modernisation of economie - A bill for the modernisation of economy was presented to the Government on April 28. Main provisions for business are a simplified tax regime for very small companies and a favourable tax regime for transfer and acquisition of companies. The exemption offered to expatriates arriving in France is also extended in order to reinforce the attractiveness of France.
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April 15, 2008
Tax search – Decision of the ECHR - On February 21, 2008 the European Court of Human Rights judged that the search procedure of article L 16B of the French tax procedure code did not offer a valid judicial appeal to challenge search authorisation given by the Judge upon request of the French tax authorities. The Court concluded unanimously that there had been a violation of Article 6 § 1 of the European Convention on Human Rights, (right to a fair hearing).
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