In mid October, Switzerland moved one step closer to abolishing the favourable tax regime it offers to wealthy foreigners. A petition was filed with the federal tax authorities which appears to have 100,000 signatures, the number required to force a national referendum which could see the regime withdrawn in all parts of Switzerland within the … Continue reading Move to Switzerland? – you’re not so welcome! The UK’s door remains open.
Adopted by the ‘Assemblée Nationale’ on 23 October 2012 Article 6 of the draft French Finance Act for 2013, which amends the taxation of capital gains, has been radically changed by the lower court of the French Parliament which voted the draft earlier this week. The new draft proposes (1) to maintain the favourable regime applicable … Continue reading Draft of French Finance Act for 2013 – Focus on capital gains tax treatment
Submitted in the Council of Ministers held September 28th, 2012 Individuals Introduction of a new tax bracket at 45% The personal income tax progressive scale will include a new tax bracket at 45% for income above a threshold of 150,000 Euros per share of the family quotient. The new tax rate should be applicable to … Continue reading French tax budget update
Recent weeks have seen both the French and the Spanish Governments withdraw their sports-related tax breaks. The French have ended their “droit à l’image collectif”, which allowed football clubs to treat up to 30% of a player’s income as a payment for exploitation of their image rights rather than salary, and the Spanish have announced … Continue reading Sports tax