As part of its fight against tax evasion, money laundering, and the financing of illegal activities, France published a decree detailing the framework of a new public register of trusts that will be accessible to the public, via an electronic platform, on June 30. The public register is an unprecedented initiative of the French tax […]

 Nineteen people working for the biggest donor to the Conservative Party have been arrested in France in connection with a multi-million pounds tax and money laundering scandal. All are linked to Lycamobile, the multinational telecoms giant, which has given at least £2.2m to Prime Minister David Cameron’s party since 2011, including half-a-million last year alone. […]

A former French budget minister will appear in court on charges of tax fraud and money laundering that forced him to dramatically resign three years ago in the first political scandal under President Francois Hollande. The trial of Jerome Cahuzac, once a champion in the fight against tax evasion, starts Monday afternoon in the main […]

At the behest of France, the International Criminal Police Organization Interpol (http://bit.ly/1nblz05) is seeking Papa Massata Diack, the son of Lamine Diack, the former president of the International Association of Athletics Federation (IAAF). French law enforcement said they are looking for him for “complicity in receiving bribes, aggravated money laundering and conspiracy in an organized group […]

The heir to the Nina Ricci perfume dynasty has been sentenced to three years in prison, two of them suspended, after being convicted on Monday of hiding money from the French taxman with the help of HSBC. A Paris court also fined Arlette Ricci €1m (£722,000) after declaring she had shown a “particularly determined willingness […]

HSBC said in a statement Thursday that French magistrates ordered a formal criminal investigation (“mise en examen”) into HSBC’s Swiss Private Bank for alleged tax-related offenses. The statement said bail of €1 billion ($1.075 billion) was imposed. “HSBC Holdings plc believes the French magistrates’ decision is without legal basis and the bail is unwarranted and […]

The French Tax Administration have released an update in relation to the French trust reporting regime (commonly known as “French mini FATCA”). This regime requires trustees to file specific tax reporting forms annually and following certain events where a trust has a French nexus. The update was released in response to a request for clarification […]

For some time now there have been rumours on this subject. Pierre Moscovici (Minister of Economy and Finance) and Bernard Cazeneuve (deputy Budget Minister) have officially announced to the Rapporteurs and the Presidents of the Finance Commission (Commission to the National Assembly and to the Senate) that, “taking into account progress realized and answers actually […]