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Ruling Signals Change in French Tax Treatment of LLP Distributions

Earlier this year, the French authorities signaled that a welcome change may be afoot in the tax treatment of distributions from UK LLPs under French law. (Most U.S. firms operate in France through the UK, unless they are grandfathered and in practice in France since the early 1990s.) This article discusses the scope of the ruling and its ramifications for UK firms considering a LLP conversion or those already in or contemplating alliances with French firms.

11 minute read July 30, 2007 at 10:43 AM
By
Stanley Kolodziejczak, Michael Jaffe and Rachel Bentley
Ruling Signals Change in French Tax Treatment of LLP Distributions

Earlier this year, the French authorities signaled that a welcome change may be afoot in the tax treatment of distributions from UK LLPs under French law. (Most U.S. firms operate in France through the UK, unless they are grandfathered and in practice in France since the early 1990s.)

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