Draft legislative proposals have been submitted to the French National Assembly to increase the country's financial transactions tax (FTT) and reverse exit tax changes introduced as part of the 2019 Finance Law.
The proposed financial transactions tax changes include an increase in the tax rate from 0.3% to 0.5%, as well as an expansion of the scope of the tax to include intra-day trading transactions. The proposal would also make FTT non-deductible for corporate tax purposes.
With respec…