French senators have accused the government of being lenient toward fraudsters exploiting a new tax on dividends, known as the "CumCum" fraud. The lawmakers visited the Ministry of Finance in Bercy to conduct an on-site and documentary review of the issue. They allege that the government created a loophole that undermines the effectiveness of the anti-fraud measures introduced earlier this year, resulting in a multibillion-euro revenue shortfall. Some senators claim that the government yielded to pressure from the banking lobby, which weakened the dividend tax enforcement framework. The Senate is intensifying its scrutiny and calls for closing the gap to prevent further tax avoidance related to dividend payments.
Affaires « CumCum » : la fronde du Sénat contre les milliards de la fraude au dividende https://t.co/WQVZJcfpub
Contournement de l’impôt sur les dividendes : un sénateur accuse le gouvernement d’avoir cédé aux demandes du « lobby bancaire » https://t.co/1IfI4fkDgO
« CumCum » : le Sénat accuse Bercy d'avoir saboté son dispositif anti-fraude aux dividendes https://t.co/nQBsvBObnJ