SocGen Loses Row Over Offsets To Dividend Tax, ECJ Rules

Law360 (February 25, 2021, 8:24 PM EST) -- France didn't violate European Union law by limiting how much tax Societe Generale SA could offset against dividend taxes paid by its client companies to their home countries, the European Court of Justice said in a preliminary ruling Thursday.

By limiting the offset to the amount of French corporation tax a company paid on the dividends, instead of the amount the company paid to its home country, France treated domestic and foreign companies equally, the ECJ ruled.

The case arose from two types of financial transactions made by Societe Generale Asset Management Banque during 2004 and 2005, according to court documents. The...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Law Firms

Companies

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!