Breathing a new life into investment taxation
The French Finance Bill 2018
On 21 November 2017, the lower house of the French parliament (Assemblée Nationale) adopted of the draft finance bill for 2018 (Projet de Loi de Finances pour 2018 or "PLF 2018") at the first reading.
Subject to amendments, noteworthy provisions of the finance bill 2018 will include:
- The introduction of a 30 percent flat tax on investment income.
- A new real estate wealth tax. Although the level of taxation would remain relatively substantial, asset managers and investors have high expectations for this proposed regime.
Performance magazine issue 25, January 2018
Performance is a triannual digest, dedicated to investment management professionals, which brings you the latest articles, news and market developments from Deloitte’s professionals and clients.