24-06-2025
BNP Fights €250 Million Tax Bill in France
By and Claudia Cohen
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BNP Paribas SA is fighting a bill of around €250 million ($290 million) French authorities say the government is owed over transactions that allegedly helped foreign investors dodge billions of euros in taxes on dividends, according to people familiar with the matter.
France's biggest bank filed the lawsuit against the order to pay back taxes, penalties and interest on trades from 2014 and 2015, said one of the people who asked not to be identified because the proceedings are confidential. A hearing examining the so-called Cum-Cum strategy is likely early next year at a court near Paris, said another person.
