Philippe Tournès and Anne Grousset Partners VAT Department CMS Bureau Francis Lefebvre discuss the VAT restrictions concerning the right to input tax deduction for branches in France
Any enterprise intending to conduct operations abroad and having a measure of permanency may choose whether to form a subsidiary or a branch. Many reasons may lead any such enterprise to opt for one of these solutions.
Everybody knows that the branch is not a body corporate separate from the head office while a subsidiary is a genuine legal entity. The main merits of the branch are to be found in the fact that it is formed easily and that it may negotiate business with third parties which know that a legal relationship will be established directly with the head...
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Philippe Tournès and Anne Grousset Partners VAT Department CMS Bureau Francis Lefebvre discuss the VAT restrictions concerning the right to input tax deduction for branches in France
Any enterprise intending to conduct operations abroad and having a measure of permanency may choose whether to form a subsidiary or a branch. Many reasons may lead any such enterprise to opt for one of these solutions.
Everybody knows that the branch is not a body corporate separate from the head office while a subsidiary is a genuine legal entity. The main merits of the branch are to be found in the fact that it is formed easily and that it may negotiate business with third parties which know that a legal relationship will be established directly with the head...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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