Keyword: insurance

How three top French companies avoided €141 million in taxes in Malta

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Carlos Ghosn, Chairman and CEO of Renault, one of the French groups using a legal tax avoidance set-up in Malta. © Reuters Carlos Ghosn, Chairman and CEO of Renault, one of the French groups using a legal tax avoidance set-up in Malta. © Reuters

Three major French firms, carmakers Renault and PSA Peugeot Citroën plus retailer Auchan, have set up insurance companies in Malta to save themselves from paying tens of millions of euros in taxes in France. The revelation comes from Malta Files, a four-month investigation by Mediapart and its partners in the European Investigative Collaborations journalistic collective (EIC) into one of Europe's lesser-known tax havens. Although what the three firms are doing is legal, the two car firms are successfully avoiding paying tax to the French state even though it is a major shareholder in each of them. Yann Philippin reports.

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Government prepares a bitter pill for overcharging French doctors

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Earlier this summer, France’s new socialist government announced a crackdown on the increasing number of self-employed doctors who charge fees well in excess of the standard rates refunded by the country’s social security system. The government is concerned that the explosion in fees charged by specialist practitioners is excluding many medium and lower income earners from being able to pay for consultations that are only partially reimbursed, often at less than a quarter of the fee demanded. Doctors’ representative bodies and the state social security office have been given until October 17th to thrash out an agreement, without which the government says it will introduce legislation this autumn to force the fees down. Vincent Manilève reports.