#2010-237Amended Finance Law for 2010
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This law revises France's 2010 financial plans, adjusting tax revenues. It introduces a 50% tax on certain financial sector salaries exceeding €27,500, intended to fund public innovation projects. It also readjusts various tax rates and allocations, affecting corporations and high-earning financial professionals.
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Key Changes
- Introduction of a 50% tax on high variable financial sector salaries for funding innovation.
- Adjustment of various tax rates for income, corporations, and other fiscal revenues.
- Reallocation of public funds and financial instruments for 2010.
Obligations
What this law requires
Financial institutions must pay an exceptional 50% tax on the variable portion of remuneration exceeding €27,500 allocated to high-risk professionals for the year 2009.
Financial institutions must pay a 50% exceptional tax on variable pay exceeding €27,500 for their employees in the financial sector.
Financial institutions must pay a 50% tax on variable salaries exceeding €27,500 attributed to their employees who are professionals in financial markets.
Financial institutions must declare and liquidate the exceptional tax on variable remuneration within 25 days of its due date.
Financial institutions must declare and liquidate the exceptional tax within twenty-five days of its exigibility using a declaration form set by the administration.