Business Operations in France (Portfolio 7130)

Tax Management Portfolio, Business Operations in France, No. 7130, contains information designed to enable U.S. and other foreign investors to understand the commercial and tax law likely to be of concern to them in their business dealings with France.

The Portfolio provides an overview of the principal problems confronting foreign businesses conducting operations in France. It examines the taxation of domestic and foreign corporations, partnerships, other business entities, resident individuals, and nonresident aliens. It also discusses the net wealth tax, inheritance and gift taxes, registration duties, local taxes, and the value added tax.

Rates of local taxes may vary considerably according to the location, and their level may be an important consideration when evaluating an investment proposal in France. The various taxes in this category and the value added tax, the single biggest revenue raiser, are discussed in detail. Finally, chapters are devoted to French anti-avoidance measures and to the application of tax treaties, with particular emphasis on the France-United States tax treaty.

The Portfolio also analyzes the various forms of doing business in France, investment incentives, exchange controls, distribution networks, labor and social security laws, and restrictive trade practices.

This Portfolio may be cited as Milhac and Bailleul-Mirabaud, 7130 T.M., Business Operations in France.