The European Commission recently published new rulings, the OECD published its base erosion and profit shifting (BEPS) final reports, and many countries are reviewing and reinforcing their transfer pricing rules—and France is no exception.
Tax professionals in France have observed certain recent trends with regards to transfer pricing. The current French environment reveals a willingness by the French tax authorities to seek more taxes from multinational corporations, and there is a general feeling that individual taxpayers are paying more and more in taxes to the government—while large corporations are not “paying their fair share” of taxes.
Other transfer pricing-related trends reflect:
Against this background, and given the increasing attendant pressure on multinational groups, FIDAL* (an independent law firm that KPMG member firms work with on a regular basis in France) is conducting a survey to better understand what current perceptions, practices, expectations, and constraints businesses have in the area of transfer pricing.
If you have business interests in France and would like to take part in the survey, you can access FIDAL’s survey here. FIDAL has confirmed that all answers to the questionnaire will be processed anonymously.
For more information, contact a tax professional with the Global Transfer Pricing Services group (FIDAL*) in Paris:
Anne-Laure Goetzinger | + 33 1 47 38 89 32 | Anne-laure.Goetzinger@fidal.com
Olivier Kiet | + 33 1 55 68 1615 | Olivier.Kiet@fidal.com
Pascal Luquet, | + 33 1 55 68 15 22 | Pascal.Luquet@fidal.com
Kate Noakes | + 33 1 55 68 16 57 | Kate.Noakes@fidal.com
Nadia Sabin | + 33 1 55 68 17 38 | Nadia.Sabin@fidal.com
* FIDAL is an independent legal entity that is separate from KPMG International and its member firms.
The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.