The French Parliament sees its role in the management of the budget
Reform of the budgetary procedure initiated in 2001 reinforces the powers of the French State. It enjoys a fuller and more transparent information new modalities to vote and an expanded amendment fee.
The new “constitution financial” applied since 2006, the LOLF, reinforces the powers of the Parliament of vote and the control of the budget control. Now, credits are discussed and voted by “mission” – each representing a large public policy mission – and parliamentarians pronounce on completeness of credits the first euro – and not only new measures.
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Categories: Politics Tags: Amortization, Court of Auditors, finance, Politics, real estate
Double Taxation Treaty
Tax
It may have taken over four years in the making but on the 19 June 2008 a new version of the double taxation treaty between France and the UK was finally signed by the Rt. Hon Alistair Darling MP, Chancellor of the Exchequer, and Mme Christine Lagarde, the French Minister for the Economy, Industry and Employment.
The new treaty is expected to enter into force some time late 2009 provided all treaty adoption procedures (i.e. parliamentary approval, ratification and exchange of diplomatic notes) are completed.
Below is a summary of some of the key elements which could affect British citizens living in or moving to France should the new draft of the treaty be ratified and become law.
Delayed Wealth tax liability
Categories: Taxation Tags: airline, Airline pilots, Christine Lagarde, Financial, France, real estate, United Kingdom