Wealthy French Company Owners Brace for Inheritance Tax Changes
- Lawmakers take aim at Dutreil tax pact for family succession
- Heirs can get big fiscal discounts under two-decade-old rules
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When Julien Molina’s father died suddenly last year, the family’s growing paint manufacturing company, Mäder Group, faced a critical decision.
The weight of inheritance taxes in France could have made passing on the business to the next generation prohibitively expensive. Instead, the family was able — post-mortem — to sign on to a tax shelter known as a Dutreil pact that dramatically reduces state levies.