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French PM makes expat tax regime commitment

“We want to build the financial capital of the future,” said the PM. “In a word, now is the time to come to France.”

As many consumers of expat financial services in France already know, the French tax regime allows for tax deductions for non-salary benefits – for example, assistance for education fees.

The government also indicated that it would try to create more favourable working conditions for British wealth management firms looking to operate in France.

However, one potential stumbling block is the issue of freedom of movement; France agrees with other EU countries that British financial firms should be allowed to retain free access to EU markets only if Britain remains committed to the principle.

To find out more about how the current climate in Europe could affect your financial future, contact Blacktower today for expert expat financial services you can trust.

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Other News

Food for expat thought: Takeaway anyone?

Fish and ChipsWhat do you miss most as an expat?

Of course, there will be no shortage of new experiences available to you in your expat environment, especially if you are moving overseas to retire, but sometimes, it’s the smallest things that might bring a lump to your throat…or a rumble to your stomach, maybe.

Perhaps this was the case for one group of British expats who chartered a plane to fly in a large delivery from their favourite curry house in Portsmouth.

James Emery, an aviation assessor for trainee pilots in France, piloted the small aircraft which flew 89 meals from Solent Airport all the way to Bordeaux.

“I’m a chilli addict, “he said, “and an aviation geek, so I thought I would combine my two hobbies to get my favourite meal to me in France.”

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Are you aware of the new pound coin?

Round pound coinsAt the end of March 2017, a new 12-sided pound coin will be introduced in British currency.

With one and a half billion of the new coins being put into circulation by the Royal Mint, banks and shops will receive the coins on March 28, but it may be at least a few days before they are handed over as change in the shops.

In the 34 years that the current round pound coin has been in circulation, it has been heavily counterfeited and the issue of fakes is more prevalent than you might think.

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