Key considerations of France's Amended Finance Act for 2012

| September 2012


France's second Amended Finance Act for 2012 was substantively enacted for IFRS on July 31, 2012 and enacted for US GAAP purposes on August 17, 2012.  There are a number of provisions which could have tax accounting implications, in particular the new 3% surtax on dividends and other distributions.  Multinational groups with French entities and activities are encouraged to assess the tax accounting implications of these changes.

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David Wiseman
US Tax Accounting Services leader
Tel: +1 (617) 530 7274

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