French Tax Update - Finance Bills
The first French Tax Update for 2017 will traditionally start with a presentation of the main provisions contained in (i) the finance bill for 2017 (loi de finances pour 2017, "2017 Finance Bill") and (ii) the amending finance bill for 2016 (loi de finances rectificative pour 2016, "2016 Amending Finance Bill"), after their respective review by the French Constitutional court (Conseil constitutionnel). It will also provide an overview of the few tax provisions contained in the recent Transparency and Anti-Corruption Bill (Loi relative à la transparence, à la lutte contre la corruption et à la modernisation de la vie économique, “Sapin II Bill”).
It will then focus on: (i) a recent precision provided by the Conseil d’Etat in respect of the deductibility for tax purposes of provisions (Orange case following the Foncière du Rond Point case), (ii) the update of the list of companies subject to the French financial transactions tax, and (iii) an update on the OECD multilateral convention to close tax treaty loopholes and improve functioning of international tax system.
Please contact Emmanuel de La Rochethulon if you are interested in this issue.
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