28 JANUARI 2022 | TAX NEWS
France has published the new list of French public companies that are subject to its financial transaction tax. Only companies with a market capitalization of EUR 1 billion or more are covered by the financial transaction tax. The list of companies that break this threshold as of 31 December 2021 can be found here.
The tax (introduced on August 1st, 2012) applies to any acquisition for consideration of a capital security, within the meaning of Article L. 212-1 A of the Monetary and Financial Code, or a similar capital security, within the meaning of article L. 211-41 of the code, when this security is admitted to trading on a French, European or foreign regulated market. The rate is 0.3%. The taxable base is the acquisition value of the security.
The tax is not applicable to: