European Commission Closes Infringement Proceedings with France Regarding Taxation of Foreign Investment Funds Capital Gains

On 9 February 2022, the European Commission issued a decision to close infringement proceedings against France regarding the taxation of capital gains derived by foreign investment funds. Infringement proceedings were initiated through a letter of formal notice sent to France in October 2020 asking France to amend its legislation considering that when a foreign investment fund sells its shares …
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