France – More Jurisdictions Added to “Black List” of Non-Cooperating Countries

France – More Jurisdictions Added to “Black List”...

FIDAL Direction International reports that a Ministerial Order (“arrêté”) has amended the list of so-called “Non-Cooperative States or Territories.” Due to issues concerning insufficient cooperation on tax information exchange matters, residents of such territories will be subject to punitive taxation under French tax rules introduced in 2010. Investors should consider reviewing their transactions and investment structures.

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