The Finance Committee of the French National Assembly has approved an amendment to the draft Finance Bill for 2025 that would amend the country's tax residency rules for individuals for the introduction of a "targeted universal tax" mechanism for French citizens that take up tax residence in another state. The new mechanism would provide that, subject to the provisions of applicable tax treaties, French citizens who take up tax residence abroad will be deemed to remain French tax residents if: they had been resident in France for 3 years or more during the 10 years preceding the change of residence;...