OrbitaxFrench Court Finds Exemption from 3% Tax on Dividend Distributions for French Groups Unconstitutional
|Approved Changes|France
On 30 September 2016, the French Constitutional Court (Conseil Constitutionnel) issued its decision that the exemption from the 3% tax on profit (dividend) distributions only available for French tax-consolidated groups is unconstitutional ({News-2016-07-05/P/2- previous coverage}). The relevant provisions for the exemption will be repealed effective 1 January 2017, which gives the French gover…
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