Brussels, 27/07/2001 (Agence Europe) - The Commission has sent France a reasoned opinion asking it to amend its legislation, which does not allow French tax-payers to benefit from tax relief on securities revenue from other Member States.
According to the French tax code, revenue stemming from certain investments and contracts (State funds, bonds, capitalisation bonds etc.) may benefit from a reduced rate withholding tax, but on condition that the payer of the revenue is domiciled or...