Brown, PC Brown, PC Tax Practice Group 888.870.0025
Call for an initial consultation
Call 888.870.0025

French Lawmakers Increase Efforts In Tax Evasion Battle

French lawmakers have stepped up their fight against tax evasion on Thursday by faulting several financial players, including banks that enable a flight of tax revenue estimated at $110 billion a year. Among the 34 proposals adopted in the Senate were sanctions against those who advertise services that protect money in offshore accounts.

Other proposals would establish an international register of offshore trusts used to hide money and the ownership of property and art works. Not only that, but whistle-blowers will see increased protection as well.

France is particularly interested in catching those who would attempt to evade its taxes as the country struggles to raise revenue in order to avert additional austerity measures.

√Čric Bocquet, a senator from Marquillies, in the north of France, believes the country is ill-prepared for this battle and is unable to track individuals who are part of a network that moves and protects money illegally.

"The idea is to spread responsibility among the entire chain of actors," said Mr. Bocquet, who noted in the Senate that "offshore refuges exist every place where there are gaps in the law."

No Comments

Leave a comment
Comment Information
Print this Page
Email Us For A Response

Request A Consultation

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Contact Information

Brown, PC
500 Main Street
Suite 400
Fort Worth, TX 76102

Phone: 817-870-0025
Fax: 817-870-0515
Map & Directions