Loading...
Market
Story
France-Switzerland Tax Deal Costs €300M Annually, Benefits Total, Renault, Michelin
Nov 28, 2024, 09:29 AM
A longstanding administrative agreement between France and Switzerland is under scrutiny for enabling major French multinational companies, including Total, Renault, and Michelin, to benefit from a favorable tax regime. This arrangement, described as 'évasion sociale XXL,' allows high-ranking executives to avoid paying French social security contributions through a 'régime dérogatoire avantageux,' resulting in an annual loss of €300 million to France's public finances. While the agreement is legal, it has drawn criticism for being ethically questionable. The French government is reportedly considering withdrawing from the agreement to address the financial losses.
View original story
Similar markets
Economic growth • 25%
Political pressure • 25%
Simplification of tax code • 25%
Other reasons • 25%
Stricter Regulations Enacted • 25%
No Regulatory Changes • 25%
Regulations Relaxed • 25%
New Regulatory Body Established • 25%
Tax Reform • 25%
Healthcare Reform • 25%
Education Reform • 25%
Other • 25%
Yes • 50%
No • 50%
Cryptocurrency Exchanges • 25%
Luxury Goods Market • 25%
Financial Services • 25%
Other • 25%
Tax increased to 42% • 25%
Tax increased but less than 42% • 25%
No change in tax rate • 25%
Tax decreased • 25%
Increase in domestic reinvestment • 33%
Increase in foreign investments • 33%
No significant change • 34%
Implement geo-restrictions for Italy • 25%
Increase fees for Italian users • 25%
No significant change • 25%
Other • 25%
Corporate Taxes • 25%
Income Taxes • 25%
Value-Added Taxes (VAT) • 25%
Other • 25%