France's Corporate Tax Hike Plan Creates More Risks Than Rewards

Tax attorney Michelle DeVos authored an article for Bloomberg Law examining the potential risks and unintended consequences of France's proposed temporary corporate tax hike. The article explores how this measure, aimed at addressing France's budget deficit, could negatively impact both domestic and multinational corporations operating in France. Ms. DeVos discusses the potential for double taxation, interaction with the Organization for the Economic Cooperation and Development (OECD) and Group of 20's (G20) Pillar Two initiative, and risk of companies relocating or restructuring to minimize tax exposure. She also highlights concerns raised by industry leaders about the broader economic implications, including potential effects on employment, wages and consumer prices. The piece emphasizes that although the tax hike may seem beneficial on paper, it could ultimately prove more detrimental than advantageous for France's economy.

READ: France's Corporate Tax Hike Plan Creates More Risks Than Rewards (Subscription required)