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The latest legal news and deals concluded by the firm.
Finance Act for 2022: Main Legal Provision
Finance Act for 2022: Main Legal Provision Extension of the tax allowance on capital gains made by a retiring SME (Small and Medium Enterprises) [...]
Abuse of Right and Capital Reduction
Since a ruling of the French constitutional judge (« Conseil Constitutionnel ») of 2015, the shares repurchase followed by their cancellation in the framework of a capital reduction non-driven by company losses is treated as a capital gain on securities, which can allow some partners, who can take advantage of tax allowances in connection with the duration of detention, to benefit from a lower taxation compared to a dividend distribution.