However,
Cumcum scandal, government backwards after:
Julien de Rosa / AFP
Éric Lombard, Minister of Economy and Finance, photographed on December 23 in Bercy (illustration)
Politics – A signal ” fort In the words of Jean-François Husson. Moreover, For months, Senator LR has been angry with the executive against the Cumcum scandal. However. However, a meeting this Thursday, July 24 with the Minister of the Economy, Éric Lombard and the president of the Senate finance committee, Claude Raynal (PS), finally made it possible to seal discord.
Bercy. accused by senators of promoting dividend tax fraud, and of having given in the request of the French Banking Federation (FBF), announced to remove an application cumcum scandal, government backwards after text. “I decided to remove the text in question”confirmed Éric Lombard this Thursday. recognizing that the initial text of the Senate was “Enough” precise not to modify it.
Concretely. during the vote of the 2025 budget, the elected officials of the upper chamber introduced a text which makes it possible to hinder the Cumcum system. This tax evasion scheme consists. for foreign shareholders of French companies, temporarily entrusting their shares to a French third party – generally a bank, with a retribution – at the time of the payment of dividends. This allows them to escape the withholding tax due as a non-resident.
But the application text published by the tax administration allowed exceptions. especially when banks do not know the beneficiaries of dividends or by exempting “Regulated markets” to apply this provision.
For parliamentarians, this formulation introduced a breach deemed not in accordance cumcum scandal, government backwards after with the spirit of the voted law. In a declaration sent to AFP on July 8. the president of the finance committee of the National Assembly, Éric Coquerel (LFI), had also considered that “Bercy did not adopt the law passed but the law as he wanted to amend it”.
The new application text will be republished Thursday said Éric Lombard, without the disputed disputed provisions.
Cumcum scandal, government backwards after
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