Tax Treaty between France and the US
Posted on 07/14/2014
The Tax Treaty between France and the US was pending for approval since more than a year has now been approved late december. Among other provisions the major one is that it removes all withholding taxes on dividends by each country's authorities. Because it has been adopted before year end 2009 it is applicable backward since january 1st 2009.
Warning: Withholding tax levied in 2009 is reimbursable. If you need help to proceed do not hesitate to contact New York office, M Daniel Nagle at 212 755 55 51 or JF Serval either in NY or Paris. One will note that some national new provisions of the French tax law do impact the tax treaty. The different status of capital gains on real estate transactions are for instance very sensitive as ultimately the tax payer may pay the highest of the two tax liability. What is also very sensitive is the moving from one country to the other because of the different systems of "exit tax". Il you are a long term US tax filer do not move without investigating the conséquences of world wide income system. Also When coming in the US do not jump into any kind of visa and investigate the one adapted to the purpose of your comming to the US.