On Wednesday 26 October, European Commissioner for Taxation Pierre Moscovici said that France needed to provide clarification about its research tax credit scheme that comes under the heading of patent boxes, a regime favourable to intellectual property.
Within the code of conduct group of the Council on corporate taxation, France has been refusing since June to change its regime to come into line with the OECD approach, as it argues that its regime is not damaging (see EUROPE 11568).
In...