French Tax Update - Repeal of the 3 Percent Tax on Distributions, Exceptional Corporate Surtax, and AFME FTT Protocol
The present French Tax Update provides an overview of several significant publications, including: (i) the landmark ruling of the Constitutional Court repealing the French 3 percent tax on dividend distributions; (ii) the introduction of a new exceptional surtax on corporate income tax under the first draft amending finance bill for 2017; (iii) the entry into force of the French FTT Protocol published by the Association for Financial Markets in Europe; (iv) a noteworthy decision of the Administrative Supreme Court with respect to treaty shopping; and (v) an unfavorable decision of the Administrative Court of Appeals of Versailles in the matter of withholding levied on dividends paid to foreign nonprofit organizations.
Please contact Emmanuel de La Rochethulon if you are interested in this issue.
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