The Research Tax Credit, abbreviated CIR, is one of the mechanisms that allow a company to reduce its taxes, and aims to support investment and activities in the field of research and development (R&D). It can benefit young companies as well as older ones. The rate of reduction is not fixed and varies according to the investments made.
After a health crisis year in 2020, the tax authority has released its 2021 business report in which it presents its annual results.
This is an opportunity to note a clear rebound in the activity of the Public Finance Department (DGFiP) in the fight against tax fraud.
In order to combat money laundering and terrorist financing, France has set up a register of beneficial owners of legal entities, access to which has been extended and the sanctions strengthened to improve its effectiveness.
However, this policy of financial transparency cannot be developed without certain limits.
If the metaverse is a real craze for tech companies and multinationals, this virtual world also raises many questions about the applicable legal and tax rules.