Latest news with #dividendTax
Bloomberg
11 hours ago
- Business
- Bloomberg
French Lawmakers Accuse Government of Weakening Dividend Tax Law
French lawmakers have accused the government of creating a 'loophole' that waters down new dividend tax rules enacted earlier this year and ratcheted up pressure to close a multibillion-euro revenue gap. The new legislation had widened the existing tax code to include more equity trades and to prevent foreign owners of French stock and local banks from carrying out transactions aimed at avoiding withholding taxes on dividend payments. But Senator Jean-François Husson — the lawmaker who spearheaded the changes — said the government's approach is creating exceptions where the rules aren't applicable.
Bloomberg
16-05-2025
- Business
- Bloomberg
Banks Curb Some Equity Derivatives Trades in Paris Over Tax Law
Several big banks in Paris have curbed some trading activities related to French equity derivatives on the back of uncertainty over an expanded dividend tax law, according to people familiar with the matter. Lenders including Bank of America Corp., BNP Paribas SA, Credit Agricole, Goldman Sachs Group Inc. and JPMorgan Chase & Co. have taken the measures in response to confusion over the scope of a French law after its reach was expanded in February, the people said. They asked not to be named discussing private information.
