Following the recent dissolution of the French National Assembly, the country is preparing for early legislative elections. The political climate is tense for shipping companies with the two leading political parties in the polls considering abolishing the French tonnage tax regime.Continue Reading French Tonnage Tax Regime: a prime target in the midst of legislative elections
French Tonnage Tax regime saved by Government’s 49.3 move in Parliament
Threatened with abrogation by numerous amendments submitted by opposition MPs during the examination of the Finance Bill for 2024, the French tonnage tax regime has finally been saved. Indeed, the Government decided to rely on its power under Paragraph 3 of Article 49 of the Constitution, to force through the contested bill without a vote and without any of the contemplated amendments.Continue Reading French Tonnage Tax regime saved by Government’s 49.3 move in Parliament