French Tax Update - French Finance Bills

French Tax Update - French Finance Bills

This first French Tax Update for 2016 contains an overview of the main provisions proposed by the Finance Bill for 2016 (Loi de finances pour 2016, 2016 Finance Bill) and the Amending Finance Bill for 2015 (Loi de finances rectificative pour 2015, 2015 Amending Finance Bill, together with the 2016 Finance Bill, the Finance Bills). The Finance Bills have now been enacted by the French Parliament and reviewed by the Constitutional Court (Conseil constitutionnel), which has struck down some of their provisions in its decisions dated December 29, 2015.

In addition to the main provisions of the Finance Bills, the present French Tax Update provides an update on (i) the December 7, 2015 decision of the Conseil d'État on the availability of foreign tax credits under the so-called règle du butoir, as well as (ii) the recent update of the French list of non-cooperative jurisdictions.

Please contact Siamak Mostafavi if you are interested in this issue.

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