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As you may be aware, the French Senate introduced six amendments to the Draft Financial Bill for 2019 aiming at taxing payments made, under any form, over certain financial contracts. Those amendments were notably motivated by the recent articles published by various journals (notably “Le Monde”) on the CumCum and CumEx practices and inscribed themselves in the more global fight against tax fraud and tax optimisation. The objectives of the Senators is to implement new provisions inspired by US regulations (e.g. 871m).