A refund opportunity for foreign UCITs charged withholding tax on dividends distributed by French companies

Due to several claims pending before French tax courts, the French Supreme Court has brought a request for a preliminary ruling before the European Court of Justice. These questions raise serious doubts on the legacy of withholding tax levied on French dividends distributed to non-resident UCITs.

Indemnités de rupture : Le plafond descend encore mais la loi ménage deux nouveaux régimes transitoires pour 2012 ...

Depuis la présentation faite en juin 2011, le régime social des indemnités de rupture a de nouveau été modifié par la loi de financement de la sécurité sociale pour 2012 (Loi n°2011-1906 du 21 décembre 2011, art 14).

Tax storm warning for LBOs - outlook for the new regime

The draft restriction on deductions of the financial costs incurred in the acquisition of equity shares, highlighted on 2 December, has been definitively adopted by the National Assembly and will enter into force on 1 January 2012.

Le Conseil d'Etat rejette les demandes d'annulation du décret relatif au moratoire sur l'obligation d'achat de l'électricité.

Tax storm warning for LBOs

The draft restriction on deductions of the acquisition and management costs for equity shares, which we highlighted in our previous alert, has reappeared in the form of Amendment 19.

Draft Finance Law 2012: increase in taxation on transactions

On examination of the draft Finance Law for 2012, three amendments, adopted at the finance committee stage, caught our tax specialists' attention.

Bank loans on real estate to be affected by the thin capitalisation rules?

France has had special tax provisions regarding thin capitalisation (Article 212 of the General Tax Code) since 2007.

Luxembourg funds: the reform is confirmed

Reform of the tax regime governing partnerships.

New data protection guidelines in France on outsourcing and security

The French data protection authority (the CNIL) has published guidelines on outsourcing and personal data security.

A tax cloud hanging over Luxembourg real estate funds invested in France

The concept of partnership as defined in French tax law is currently changing. This is prompting fears with regards to the evolution of the taxation on capital gains on the disposal of shares in a partnership whose assets consist mainly of real estate.