On 16 November 2005, the Council of Ministers adopted the Finance Amendment Bill for 2006. Details of the proposed tax measures are summarized below. If adopted by Parliament, the measures will apply from 1 January 2007, unless otherwise indicated.
Proposed amendments to the 95% consolidation regime
The French Tax Code contains a set of rules that allow French companies that are members of a group to file a consolidated tax return. The rules apply to a …