The French government has abandoned plans to levy a controversial new tax on holiday homes owned by non-residents that was due to be introduced in January 2012 The proposed tax, announced last month, would have targeted non-residents, of all nationalities, who have second homes in France that are not rented out. The aim was to raise more revenue as a result of the financial crisis.However the new tax would have been scrutinised by the European Union because it risks preventing the free movement of capital.
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