France - Summary of newly enacted tax provisions 

January 6: Tax legislative packages in France—known, in English, as the “Finance Act for 2014” and the “Corrective Finance Act for 2013”—were approved by the French Parliament on 19 December 2013; scrutinized by the Constitutional Court on 29 December 2013; and eventually enacted into law on 30 December 2013.

Several important measures, as passed by the French Parliament, were invalidated by the Constitutional Court (Conseil Constitutionnel).

Like the previous Finance Acts for 2012 and 2013, most of the recent legislative changes concerning the taxation of companies aim to reduce a budget deficit by focusing on the taxation of large corporate taxpayers. The new legislation also focuses on the tax treatment of indirect transfers of profit.

Read a January 2014 report [PDF 36 KB] prepared by Fidal Direction Internationale*

For more information, contact a tax professional with Fidal in Paris or with KPMG’s French Tax Center in New York:

Olivier Ferrari

+33 (0)1 55 68 14 76

Patrick Seroin

+33 (0)1 55 68 15 93

Gilles Galinier-Warrain

+1 212-954-8605

*Fidal is an independent legal entity that is separate from KPMG International and its member firms.

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Washington, DC 20006.

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