The French tax authorities published guidelines (4 H-2-08), on 2 April 2008, concerning the group taxation regime introduced from 1 January 2007. Details of the guidelines are summarized below.
The thresholds for defining the group (shareholdings in subsidiaries) are determined without taking into account (i) the shares issued within the frameworks of employee stock option plans and (ii) the increase of capital or free attribution of shares reserved to subscrib…