TaxAdministrationFrench deny tax amnesty plans

French deny tax amnesty plans

No mercy for those repatriating assets from tax havens back into France

The French government has moved to deny rumours that it will offer a tax
amnesty to those moving their assets back to France following the clampdown on
tax havens.

French budget minister Eric Woerth expects large numbers of those who held
funds offshore to evade tax to transfer their assets back to France in order to
avoid prosecution, after many tax havens agreed to greater transparency.

However, he ruled out the possibility of a tax amnesty for those that do,
instead saying that not only with they have to pay for the tax they have evaded
but also interest and penalty charges, according to
tax-news.com.

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