Press Release: Direct taxation: The European Commission requests France to review two capping measures

The European Commission has formally requested France to amend its legislation governing its tax shield (bouclier fiscal) and the capping of the solidarity tax on wealth (ISF - impôt de solidarité sur la fortune) in order to bring it into line with European Union law, particularly in relation to the free movement of persons, workers and capital. The request takes the form of a reasoned opinion. If France fails to comply with the reasoned opinion within two months, the Commission may refer the matter to the Court of Justice of the European Union.