The Third Amending Financial Law for 2012 (Projet de loi de Finances rectificative pour 2012, PLFR) was adopted by the Council of Ministers on 14 November 2012. The Bill is focused on anti-avoidance measures, and will be subject to parliamentary discussion before the end of the year. The key measures are summarized below.
Report and taxation of money placed abroad
Money placed, located or transferred abroad that is not reported to the French tax authorities will…