11 hours ago
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.
