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Europe Daily Bulletin No. 10946

19 October 2013
Contents Publication in full By article 27 / 39
ECONOMY - FINANCE - BUSINESS / (ae) taxation
France must change its precious metal tax system

Brussels, 18/10/2013 (Agence Europe) - On Thursday 17 October, the European Commission sent France a reasoned opinion warning letter asking it to change its tax rules for capital gains on precious metals, which discriminate at present against non-resident taxpayers. French legislation allows residents to opts for capital gains to be taxed at the tiered income tax level or to choose to be taxed at a set rate of 16% on the full value of the sale, but non-residents do not have the first option...

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