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France: Country and Foreign Investment

Executive Summary

According to the International Monetary Fund, as of 2013, France has the 23rd highest GDP per capita in the world. It is ranked as 20th on the UN's Human Development Index (a comparative measure of life expectancy, literacy, education, standards of living, and quality of life).

France has the world's seventh largest economy, and the second largest in the EU. It is a member of the G8 group of industrialised countries, and is a part of the eurozone monetary union. France is the most popular tourist destination in the world, having attracted 83 million foreign tourists in 2012.

France's 2012 presidential election saw François Hollande elected on the promise of opposing austerity measures. France has since seen its top tax bracket raised to 75% for incomes over a million euros. The country's current debt level is equivalent to 91% of its GDP.

Tax is levied at both national and local levels of government. Individuals domiciled in France are liable to taxation on their worldwide income, while non-domiciled individuals are taxed only on French income. Companies are considered to be resident for tax purposes if their legal seat or place of management is located in France.



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