Reform of the French Tax Treatment of Carried Interest
By Allard de Waal, Delphine Prévot and Laurent Ragot
The French Senate adopted on November 24, 2008 an amendment relating to the tax treatment of carried interest units. If adopted by the French National Assembly, this amendment would apply to FCPRs created after January 1, 2009. At this stage of the legislative process, it is possible (and probably desirable) that the text adopted by the French Senate will be amended by the French National Assembly.