France - New Tax Rules Applying to Interest Paid into Non-Cooperative Jurisdictions: A French Revolution
- V. Daniel-Mayeur
- Derivatives & Financial Instruments, 2010 (Volume 12), No 3
- 21 May 2010
The Third Amended Finance Act 2009 has radically changed the French approach to interest withholding tax. This new legislation provides for tax restrictions applying to transactions involving so-called “non-cooperative” jurisdictions, and will affect French issuers of debt and equity instruments, as well as French borrowers.