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A $5,000 lump-sum tax costs a Moroccan company €107,130 in France
France

A $5,000 lump-sum tax costs a Moroccan company €107,130 in France

A holding company based in Morocco asked the French tax authorities to refund €107,130 withheld from its dividends. The courts refused: its Moroccan lump-sum tax does not qualify it for the exemption provided for under the agreement between the two countries.

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