France warns on use of derivatives to evade new transaction tax

French flag

The French government has warned it could take action if derivatives are used to evade its new tax on cash equity transactions. Market participants report volumes in the cash market have shrunk 10-15% since the tax was introduced - therefore reducing receipts - while volumes in exempt derivatives instruments, such as contracts for difference (CFDs), have increased.

"We will be very careful on the risk of bypassing and tax evasion through synthetic instruments and take appropriate measures where

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: