French news

France News: Fury as retirement age raised – election backlash looms | World | News

The current retirement age in France is 62, and in some cases as low as 55. According to plans, the incumbent president who is seeking a second term will seek to raise the retirement age to 65. Provoking a furious reaction, Florian Philippot, president of the “Patriots” and supporter of Frexit took to Twitter to […]

French commerce

Al-Mashat and members of the French Chamber of Commerce discuss cooperation

Dr. Rania Al-Mashat reviews development cooperation efforts with its multilateral and bilateral partners in support of the state’s development plans, in line with the transition to a green economy, while presenting the strategic relationships between the Egypt and France. Egyptian-French relations are reflected in all areas of development and include the strengthening and encouragement of […]

French market

Boots in store for £8billion sale as bid deadline approaches

Britain’s biggest drugstore chain Boots has set a deadline of February 24 to receive indicative offers from a series of deep-pocketed investors who could value the 173-year-old business at up to £8bn (9 .6 billion), two sources said. Reuters. The sale will see US drugstore giant Walgreens, which has backed Boots since 2012, pull cash […]

French market

Carrefour Brasil announces a 13.5% drop in its adjusted net income in the fourth quarter

Carrefour Brasil said its fourth-quarter net profit fell from a year earlier but beat estimates, helped by higher sales. The local unit of the French retailer Carrefour SA recorded an adjusted net profit of 766 million reais (130.3 million euros), down 13.5% compared to the previous year, but higher than the Refinitiv Eikon analysts’ estimate […]

French tax

UBS bank appeals a second time against a fine for French tax evasion

UBS argues that the evidence presented in court was insufficient to establish guilt. Keystone / Sebastian Gollnow Switzerland’s largest bank, UBS, has announced that it will appeal again against a fine imposed by a French court for tax evasion offences. This content was published on December 20, 2021 – 18:04 December 20, 2021 – 6:04 […]

French tax

The fine for French tax evasion of the UBS group (UBS) reduced to 3.75 million euros

Legal hassles escalated to UBS Group AG UBS and its French unit UBS France SA, regarding the bank’s cross-border business activities in France between 2004 and 2012. A court of appeal in France ordered the Swiss bank to pay a fine of 3.75 million euros for solicitation illegal and laundering of tax evasion income from […]

French market

Enter the French market and announce the

PPRESS RELEASERegulated information Antwerp, Belgium – Lyonnais/France, 14 Deceptionmber 2021, 07:30h00 CET – VGP, a pan-European player in quality logistics and semi-industrial real estate, officially enters the French market with the opening of its first office in Lyon and appoints Aurélien Coudert as Country Manager of VGP France. Aurélien started on December 1 within the […]

French market

CaixaBank SA: strengthens its commitment to the French market in the latest edition of the COCEF awards

From left to right, Rafael Juan, CEO of Vicky Foods, and Victor Granero, head of the CaixaBank branch in France • The bank participated in the award ceremony organized by the Spanish Chamber of Commerce in France (COCEF) and awarded the “Spanish Company of the Year” prize to Vicky Foods. • Since its creation at […]

French tax

UBS able to absorb large potential fine in French tax ruling, analysts say

UBS Group AG has enough capital to absorb a potential fine of several billion euros in its ongoing tax evasion case in France, analysts say. Swiss bank appeals a 4.5 billion euros fine imposed on in 2019 by a French court of first instance which found him guilty of complicity in tax evasion, claiming that […]

French tax

UBS verdict postponed in € 4.5 billion French tax case | Invest News

PARIS (Reuters) – French judges on Monday deferred a ruling on UBS’s appeal against a historic fine on Monday to December 13, in a case in which the Swiss bank disputed claims it helped high net worth clients hide assets not declared abroad. The judges said the decision had to be delayed due to the […]

French tax

Macron’s government defends tax cuts and French spending with 2022 budget

PARIS, September 22 (Reuters) – The government of French President Emmanuel Macron on Wednesday defended its unprecedented tax cuts and spending in the event of a pandemic as it presented its budget plans for 2022, the presidential election year. Seven months before the poll, right-wing candidates have already attacked the government for the 130 billion […]

French tax

US bank reaches 25 million euro deal to settle tax evasion investigation in France

Published on: 02/09/2021 – 16:35 US banking giant JPMorgan Chase has agreed to pay 25 million euros to settle a lengthy criminal investigation into allegations it helped a French investment bank commit tax evasion. France’s financial prosecutor’s office has alleged that JPMorgan helped executives of investment group Wendel set up a profit-sharing entity that allowed […]

French tax

UBS verdict still in a few months in a French tax case of 4.5 billion euros

PARIS, March 24 (Reuters) – French judges are due to rule in September on Swiss bank UBS’s late appeal against a heavy fine for allegedly helping wealthy clients hide undeclared assets abroad. UBS is seeking to overturn a 2019 French court ruling in which it was found guilty of unlawful solicitation of clients at sporting […]

French tax

UBS faces at least $ 3.6 billion in penalties in French tax lawsuit

FILE PHOTO: The logo of Swiss bank UBS is seen at its headquarters, as the spread of coronavirus disease (COVID-19) continues, in Zurich, Switzerland on February 17, 2021. REUTERS / Arnd Wiegmann PARIS, Reuters The French state is also seeking € 1 billion in damages, the court said in a statement – raising the potential […]

French business

BNP Paribas AM strengthens a € 9 billion private debt unit with new CIOs

The French fund house BNP Paribas Asset Management has strengthened its investment division in private debt and real estate assets by 9 billion euros with four new hires based in Paris. The division, founded in 2017 and headed by David Bouchoucha, will welcome Stéphanie Passet as investment director for infrastructure debt and Romain Linot as […]

French tax

UBS hits record 4.5 billion euros in tax appeal in France | Invest News

By Brenna Hughes Neghaiwi and Sarah White ZURICH / PARIS (Reuters) – Swiss bank UBS to begin appeal on Monday against a record fine of 4.5 billion euros ($ 5.37 billion) imposed by a French court for allegedly helping wealthy clients hide assets not declared abroad. The case will be followed by banks across Europe, […]

French tax

UBS heads for record €4.5 billion appeal in French tax case

By Brenna Hughes Neghaiwi, Sarah White ZURICH/PARIS (Reuters) – Swiss bank UBS will begin its appeal on Monday against a record 4.5 billion euro ($5.37 billion) fine imposed by a French court for allegedly helping wealthy clients hide undeclared assets abroad. FILE PHOTO: The company logo is seen at a branch of Swiss bank UBS […]

French tax

UBS launches record-breaking € 4.5 billion appeal in French tax case

ZURICH / PARIS, March 5 (Reuters) – Swiss bank UBS (UBSG.S) will appeal on Monday against a record fine of 4.5 billion euros ($ 5.37 billion) imposed by a French court for allegedly helped high net worth clients hide undeclared assets overseas. The case will be watched by banks across Europe, where fines for tax […]

French tax

French tax dispute: Google pays $1.1 billion, Apple could be next

Google has agreed to pay nearly 1 billion euros ($1.1 billion) to settle a French tax dispute. The amount includes €465m in underpaid taxes and a fine of €500m. Google said in a statement that it “agreed” to pay the tax… Reuters reports. Google announced on Thursday that it had agreed to pay 465 million […]

French tax

Carmignac Gestion pays 30 million euros to settle a French tax investigation

Carmignac Gestion, one of France’s most prominent asset managers, has agreed to pay a €30 million fine to authorities to settle an investigation into allegations of tax evasion. The investigation by the Financial Prosecutor’s Office focused on how certain Carmignac executives were paid via a Luxembourg subsidiary between 2010 and 2014. The authorities challenged Carmignac’s […]

French tax

Google owes no French sales tax to advertisers, according to court rules–MNE Tax

Through Pascal Luquet, Mickaël Duquenne, & Paul Bufort, Grant Thornton Law Firm, Neuilly-Sur-Seine, France Google has just won a new battle against the French tax authorities. On April 25, the Paris Administrative Court of Appeal confirmed that Google Ireland had no permanent establishment in France from 2005 to 2010. Google was not taxable in France […]

French tax

UBS reserves 450 million euros for the French tax file

Through Brenna Hughes Neghaiwi FILE PHOTO: The logo of Swiss bank UBS is seen in St. Moritz, Switzerland February 10, 2017. REUTERS/Stefano Rellandini/File Photo ZURICH (Reuters) – Switzerland’s biggest bank, UBS, announced on Friday an increase of nearly $400 million in its litigation provisions after a French court fined it 4.5 billion euros ( $5.09 […]

French tax

UBS to appeal after 4.5 billion euro fine in French tax evasion case

By Inti Landauro, Emmanuel Jarry PARIS (Reuters) – A French court has found Swiss bank UBS AG guilty of unlawful solicitation of clients and laundering the proceeds of tax evasion, ordering it to pay 4.5 billion euros ($5.1 billion ) fines. Shares of the Swiss bank fell 3.2% after Wednesday’s decision. UBS, which has denied […]

French tax

UBS hit with 4.5 billion euro fine in French tax evasion ruling

UBS has been fined a record 3.7 billion euros and ordered to pay 800 million euros in damages in France after a judge found the Swiss bank guilty of helping wealthy clients to escape paying tax. After a six-week trial, the French court found that UBS unlawfully laundered the proceeds of tax evasion and violated […]

French tax

Apple agrees to pay 500 million euros to end 10 years of tax battle in France

Apple has settled a decade-long tax battle with France, agreeing to pay half a billion euros ($570 million) in back taxes. The French government had accused Apple of evading or avoiding the tax due on sales made in France… The line between tax evasion, which is illegal, and aggressive tax evasion, which is legal, can […]

French tax

Apple is going to court with a group of French tax activists who describe the company as the empire of Star Wars

Last month, Apple sued the French tax activist group “Attac” for occupying its flagship Paris store during a protest against what Attac called “large-scale tax evasion”. Apple today asked the Paris court to ban the group from its French stores and prevent further stunts from happening. In response to the court filing, Attac mobilized in […]

French tax

French tax authorities are turning a hungry eye on McDonald’s

PARIS – The French headquarters of McDonald’s has been raided by financial investigators, the latest salvo in a campaign by the government of President François Hollande to force multinationals to pay more taxes. A police official, who could not be named under departmental policy, said Thursday that documents were removed during the May 18 search. […]

French tax

French tax police raid Google’s Paris office

French police raided Google’s Paris office as part of an investigation into the company’s tax affairs. The raid began at 5 a.m. Paris time on Tuesday, according to the local newspaper. The Parisian. It involved five prosecutors, 25 computer scientists and investigators from the French tax authorities and the Central Office for the Prevention of […]

French tax

French tax authorities investigate Karl Lagerfeld for tax evasion

The new year may have begun, but an old trend seems to refuse to go out of style: big names in the luxury industry breaking the law for alleged tax evasion. The final high profile name in question is Karl Lagerfeld. French authorities announced on Thursday that the Chanel designer was the subject of a […]