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Money, inheritance, tax, pensions: What's new in France in 2025
European Commission set to decide on French law affecting UK and US wills, potentially altering inheritance plans
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Moves to end automatic citizen-based taxation of Americans living abroad
Eligible US citizens would be able to claim residency-based taxation status and see automatic requirement for annual American tax returns end
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Law passed to allow France to continue to collect taxes despite lack of 2025 budget
A new budget will still need to be passed at the start of next year. The emergency law does not raise income tax bands as usually happens so these remain frozen at 2024 levels
France no longer tops international tax list
The OECD has published its annual report, in which it measures of taxes and social contributions in relation to 37 countries’ GDP.
France is no longer the country that places the highest tax burden on its citizens, according to a new report.
The Organisation for Economic Co-operation and Development (OECD) measures the sum of taxes and social contributions in relation to 37 countries’ Gross Domestic Product (GDP).
France topped that list in 2017 and 2019, but, according to the OECD's latest report, which was released this week, Denmark leapfrogged into top spot as the country that has the highest tax to GDP ratio in 2019 of 46.3%.
According to the report, France had the second highest tax burden in 2019 with a ratio of 45.5%, followed by Belgium (42.9%). The average of the 37 nations' studied is 33.8%.