OrbitaxFrench Parliamentary response on non-eligibility of Luxembourg SICARs to France-Luxembourg tax treaty and EC Parent Subsidiary Directive
|Treaty Development|France-Luxembourg
In a Parliamentary Response of 4 July 2006, the French Ministry of Finance stated that a Luxembourg sociétés d'investissement en capital à risque (SICARs) could not benefit from the reduced withholding tax rate under the France-Luxembourg tax treaty and from the exemption from dividend withholding tax under the EC Parent-Subsidiary Directive ((90/435/EEC).
Accordin…
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