The French Parliament on July 6 passed a modified 2011 finance bill, but it has not yet been published because some Socialist members of Parliament referred the bill to the Constitutional Council on July 13, citing concerns about wealth tax and exit tax provisions. (For prior coverage of the finance bill, see Tax Notes Int'l, May 23, 2011, p. 623, Doc 2011-10604, or 2011 WTD 97-2.)

Following is a summary of the bill's most notable tax aspects.

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