CumCum" affair: an extended withholding tax that weakens the Paris financial centre

You are currently viewing Affaire “CumCum” : une retenue à la source élargie qui fragilise la place de Paris
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To combat dividend arbitrage schemes, the Finance Act 2025 extends the scope of the withholding tax to derivatives. This measure is in line with a legitimate desire to strengthen tax fairness, but its hasty and ill-calibrated implementation is causing concern among investment professionals....

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