The French banking federation (FBF) announced on Thursday that it had filed an appeal with the Council of State against the position of the tax authorities on the taxation of dividends for foreign holders of shares in listed French companies, in the heart of the scheme called “
CumCum
”.
“
We filed an appeal with the Council of State today
,
”
a spokesperson for the FBF told AFP
,
“
with the aim of having a
clear and coherent legal framework on the subject, two days after searches in five major banks in France suspected of having participated in this tax scheme.
Read alsoTax fraud: why five major banks were raided on Tuesday in France
More information to come...
