France – France does not want to wait any longer for a European digi tax for internet companies
On Wednesday March 6, 2019, the French cabinet will discuss a plan to levy taxes on the turnover in France of large internet companies such as Google, Apple, Facebook, Amazon, Booking Airbnb and Uber.
The 3% on turnover shall apply to all internet companies with a worldwide turnover of more than € 750 million and a turnover in France of more than € 25 million and will be...
France – Income from assets of French expatriates who work in a State other than a Member State of the EU/EEA or Switzerland
Income from assets of French nationals who work in a state other than a member state of the EU, the European Economic Area or Switzerland may be subject to French social security contributions according to the European Court of Justice (ECJ).
The case involved a French national, who resided and worked in China and sought to obtain reimbursement of the levies collected on his income from...
French withholding tax system for 2018
The French Finance Act for 2017 was adopted on December 29, 2016 introducing a new withholding tax system coming into force as of January 1, 2018. As a result of the new French tax law, French tax residents will be subject to a monthly withholding tax on their 2018 income beginning January 1, 2018 rather than paying the 2018 income tax when they file their 2018 tax return in 2019.
The scope of...
Country with the highest taxes on the average employee
France has surpassed Belgium as the European country with the highest taxes on the average employee, according to a new study.
Taking into account income tax, social security contributions, and value-added tax, the report by the Molinari Economic Institute concludes that the tax burden on the average salaried worker in France is 57.33 percent, meaning that they effectively will have...