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French Court Rules on Safe Harbor of Netting Agreements in Insolvency | Jones Day

For the first time ever, a court in France has examined the compatibility of the statutory netting safe harbor with the French Constitution. The French High Court of Justice (Cour de. ....

Caroline Henry , Us Supreme Court , European Union , French Supreme Court Conseil , Jones Day , French High Court , French Supreme Court , Commercial Chamber , Advocate General , French Declaration ,

France: Twin cases reduce the scope of taxing capital gains on sale of French shares


January 25 2021
When enacted in 1978, Article 244 bis B of the French Tax Code (FTC) provided for thetaxation of capital gains recognised upon the disposal by non-French natural persons or look-through partnerships of a significant shareholding (more than 25%) in a French entity. This tax mechanism was later modified to include the capital gains realised by non-resident companies subject to a tax that is comparable to French corporate income tax (CIT), by the French Amending Finance Law dated December 30 1993, which came into force on January 2 1994.
As an exception to the principle of taxation of capital gains on movable properties in the state of residence provided in double tax treaties (DTTs), this tax only applies to taxpayers established in countries that have not concluded a DTT with France, or in countries having concluded a DTT which expressly allows the source state to apply such tax (e.g. Austria, Italy, Spain, or Sweden). ....

Îe De France , Alexia Dal Ponte , Nicolas Duboille , European Union , Euromoney Institutional Investor , French Supreme Court Conseil , Versailles Administrative Court , French Tax Code , French Amending Finance Law , French Supreme Court , Privacy Policy , Institutional Investor , அலெக்ஸியா பருப்பு பாஂட் , ஐரோப்பிய தொழிற்சங்கம் , பிரஞ்சு உச்ச நீதிமன்றம் கந்ஸீயைல் , பிரஞ்சு வரி குறியீடு , பிரஞ்சு உச்ச நீதிமன்றம் , ப்ரைவஸீ பாலிஸீ , நிறுவன முதலீட்டாளர் ,