CORPORATE NEWS

Sept. 15th, 2009 - La Rochefordière & Associés is moving !

As from mid September our new premises have been moved to 42 rue de Clichy, Paris 9°.

We enjoy a brand-new, greater, clean and refurbished working environment, for renewed efficiency.

REGULATION UPDATES

January 1st, 2011 - Transfer pricing regulation update

As of January 1st, 2011, French subsidiaries owned more than 50% by an international group which turnover exceeds MEUR 400 will have to comply with stricter transfer pricing documentation rules.

They must be able to present at first request - usually the first day of a tax control - a thorough and detailed documentation supporting the transfer pricing policy.

Failure to comply with this new rule would normally result in a 5% fine based upon an administration estimate of the margin transferred to the group.

Companies with tax-loss positions would no be left harmless.

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