Client Alert

| February 11, 2010

French Amended Finance Bill for 2009 — Significant Changes in Corporate Taxation

The Amended Finance Bill for 2009, which was passed on 30 December 2009, has brought about significant tax changes which will have a major impact on many French and international groups. The French government is blowing hot and cold: some of the new measures should definitely be regarded as an improvement, whereas others have created new obstacles to the global tax planning of French and international groups.

This memorandum is intended only as a general discussion of these issues. It is not considered to be legal advice. We would be pleased to provide additional details or advice about specific situations. For additional information on this important topic, please feel free to call upon your Dewey & LeBoeuf relationship partner. No part of this publication may be reproduced, in whole or in part, in any form, without our prior written consent. For further information on Dewey & LeBoeuf, please visit www.dl.com. +1 888 532 6383