1. Tax status of foreign partners of a French partnership
- Author
-
Coustel, Anne-Sophie and Coudin, Pascal
- Subjects
France -- Tax policy ,Kingroup -- Cases ,Foreign source income taxation -- Laws, regulations and rules ,Tax administration and procedure -- France ,Partnership -- Taxation ,Banking, finance and accounting industries ,Business ,Business, international - Abstract
Members of French partnerships have separate legal personalities from their members with regard to taxation, according to the Supreme Administrative Court of France in a ruling of 4 April 1997. The ruling will affect branch taxation of foreign partners. The case was brought on behalf of Kingroup of Canada, which had a financial interest in a French economic interest grouping. Kingroup added earned profits to its accounts but failed to declare the tax in France.
- Published
- 1997