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France Moving Forward with Temporary Surcharge on Large Companies to Fund Distribution Tax Refunds

|Proposed Changes|France
France

The Finance Committee of the French National Assembly has approved a finance amendment bill to introduce a temporary surcharge on large companies that is meant to offset the cost of pending refunds resulting from the repeal of the 3% tax on profit (dividend) distributions, which was recently found unconstitutional. The exceptional surcharge will be levied at a rate of 15% on corporate income ta…

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