France to Implement Income Tax Withholding in 2018

The global system of taxation expands.

France will implement the automatic withholding of tax from employee paychecks in 2018 as reported on France is the latest country to employ this method as the industrialized world moves towards a global system of taxation. US citizens living in France will likely see an increased exchange of information between France and the United States as these procedures are implemented.

If there are any outstanding issues or delinquencies for US tax paying expats who live in France, France withholding tax 2018now would be a good time get those issues resolved. Once the information exchange increases and items such as automated withholding are implemented, it will be very easy for the IRS to conduct a CP 2000 review of unreported foreign income.

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by Five Stone Tax

Five Stone Tax is America’s trusted tax adviser, offering full-service tax solutions with the goal of making sure all of our clients pay the lowest amount of taxes legally possible. As the most effective tax representation company in America, our team consists of the best Property Tax Consultants, Tax Attorneys, Enrolled Agents, case managers, and administrators in the industry.

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