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.

Insights by Jones Day should not be construed as legal advice on any specific facts or circumstances. The contents are intended for general information purposes only and may not be quoted or referred to in any other publication or proceeding without the prior written consent of the Firm, to be given or withheld at our discretion. To request permission to reprint or reuse any of our Insights, please use our “Contact Us” form, which can be found on our website at This Insight is not intended to create, and neither publication nor receipt of it constitutes, an attorney-client relationship. The views set forth herein are the personal views of the authors and do not necessarily reflect those of the Firm.