On 18 December 2014, the French parliament approved the Amended Finance Bill for 2014 and Finance Bill for 2015.
Key measures introduced in the Amended Finance Bill for 2014 include:
Participation Exemption Limitation
The participation exemption for dividend income will be denied if:
- The dividends are paid out of profits not subject to corporate income tax or similar tax, or
- The dividends are tax deductible for the distributing entity
French Tax Consolidation
The French tax conso…