Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 03 JULY 2026

Centralisation de trésorerie et transfert de bénéfices à l’étranger

Mayer Brown
Mayer Brown
Contributor
Mayer Brown

Mayer Brown

Mayer Brown is a leading international law firm positioned to represent the world’s major...

View firm profile
Explore more from Mayer Brown

Le Tribunal administratif de Strasbourg examine un litige fiscal portant sur une convention de centralisation de trésorerie (cash pool) entre une société française et une entité suédoise liée.

FranceTax
Laurent Borey
Laurent Borey
Benjamin Homo
Benjamin Homo
Christopher Lalloz
Christopher Lalloz
Elodie Deschamps
Elodie Deschamps
Nicolas Danan
Nicolas Danan
Olivier Parawan
Olivier Parawan
Rémy Bonnaud
Rémy Bonnaud
Louis Nayberg
Louis Nayberg
Author LinkedIn connections

Le Tribunal administratif de Strasbourg juge que, dans le cadre d’une convention de centralisation de trésorerie avec une société étrangère liée (localisée en Suède), la différence entre le taux prêteur intégrant une prime de risque et le taux déposant constitue un écart injustifié caractérisant un transfert de bénéfices à l’étranger, dès lors que la société française structurellement créditrice ne justifie d'aucune contrepartie équivalente à la renonciation aux produits d'intérêt. Cet avantage est alors soumis à retenue à la source au taux conventionnel de 15 % (TA Strasbourg, 22 mai 2026, n° 2401722).

Faits et procédure :

Une société française (ci-après la "Société"), détenue par une mère française membre d’un groupe suédois, participe à un cash pool intragroupe conclu en 2010 avec une société suédoise liée. Les taux internes étaient fixés par cette dernière à partir de la notation externe du groupe et de taux d’obligations de sociétés comparables en termes de notation, de

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Visit us at mayerbrown.com

Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England & Wales), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) and non-legal service providers, which provide consultancy services (collectively, the "Mayer Brown Practices"). The Mayer Brown Practices are established in various jurisdictions and may be a legal person or a partnership. PK Wong & Nair LLC ("PKWN") is the constituent Singapore law practice of our licensed joint law venture in Singapore, Mayer Brown PK Wong & Nair Pte. Ltd. Details of the individual Mayer Brown Practices and PKWN can be found in the Legal Notices section of our website. "Mayer Brown" and the Mayer Brown logo are the trademarks of Mayer Brown.

© Copyright 2026. The Mayer Brown Practices. All rights reserved.

This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

L’Administration actualise son Bofip en matière de Dutreil

L'Administration fiscale a actualisé sa doctrine sur le dispositif Dutreil suite à la réforme de la loi de finances pour 2026, qui allonge l'engagement de conservation et exclut certains biens "somptuaires". Cette mise à jour clarifie plusieurs points d'application mais laisse subsister des zones d'ombre, notamment sur le critère d'exclusivité d'affectation des actifs et le traitement des dettes afférentes aux biens exclus.
FranceTax
Delsol Avocats
Delsol Avocats
Article

Cession De Titres De Participation : Nouvelle Présomption D’Application Du Régime Du Long Terme

L'administration fiscale française a publié de nouvelles directives concernant le mécanisme permettant aux sociétés soumises à l'impôt sur les sociétés d'inscrire certains titres de participation dans un sous-compte dédié, créant ainsi une présomption irréfragable d'application du régime du long terme. Ce dispositif, issu de la loi de finances pour 2026, vise à sécuriser l'application du régime fiscal favorable aux plu
FranceTax
Mayer Brown
Mayer Brown
Article

French Tax On Evergreening Practices: Uncertainties Remain For Pharma Companies

France's new evergreening tax targets pharmaceutical companies that allegedly delay generic drug market entry through secondary patents, but the law's scope and enforcement mechanisms remain unclear. With no administrative guidance issued since the tax took effect on December 31, 2025, companies face uncertainty about compliance requirements, assessment procedures, and the criteria for determining unjustified commercial exclusivity.
FranceTax
Jones Day
Jones Day
Article

Tax Considerations For Chateau Owners In France

Acquiring a French château involves navigating complex fiscal and legal considerations, from choosing between personal ownership and establishing a Société Civile Immobilière to managing wealth tax obligations and capital gains relief. Understanding these intricacies—including inheritance rules, rental income taxation, and long-term ownership benefits—is essential for protecting and optimizing your investment in France's luxury real estate market.
FranceTax
Spectrum IFA Group
Spectrum IFA Group
Article

Prix De Transfert : Confirmation Du Transfert Indirect De Bénéfices Par Un Distributeur Routinier Supportant Des Charges De Valorisation De Marques Non Rémunérées

The Paris Administrative Court of Appeal examines whether a French subsidiary operating as a routine distributor with limited risks indirectly transferred profits to its Italian parent companies by bearing disproportionate rental and personnel costs that contributed to brand development and customer acquisition without receiving compensation.
FranceTax
Mayer Brown
Mayer Brown
Article

DOL Announces Enforcement Actions Against Employers In H-1B And PERM Fraud Probe

The Trump Administration has launched an unprecedented enforcement action suspending permanent labor certification processing for eight major employers, linking immigration sponsorship to layoff histories and recruitment practices. This development signals a fundamental shift in how the government evaluates employer access to H-1B and green card programs, with investigations already underway and subpoenas served.
United StatesEmployment and HR
Mayer Brown
Mayer Brown
Article

Landmark DoorDash Settlement Confirms NYC DCWP’s Aggressive Enforcement Posture

New York City's Department of Consumer and Worker Protection secured a landmark $131.5 million settlement with DoorDash, marking the largest worker settlement in the city's history and the largest involving food delivery workers nationwide. The agreement provides over $115 million in direct compensation to more than 260,000 delivery workers who were underpaid, unpaid, or paid late, while establishing a comprehensive three-year compliance monitoring program.
United StatesEmployment and HR
Mayer Brown
Mayer Brown
Article

Trump Administration Announces New Enforcement Actions Against Employers In H-1B And PERM Fraud Probes

The Trump Administration has launched an unprecedented investigation into H-1B visa and PERM labor certification programs, with the Department of Labor's Office of Inspector General issuing dozens of subpoenas and suspending employers' ability to process applications. Federal agencies are deploying new enforcement tools including whistleblower programs and criminal prosecution threats...
United StatesImmigration
Mayer Brown
Mayer Brown
Article

EU’s CBAM Downstream Extension And Anti-Circumvention Amendments: The Road To Trilogue

The European Union's Carbon Border Adjustment Mechanism is undergoing critical legislative refinement as the Commission, Council, and Parliament have each established distinct positions on extending CBAM to downstream goods and strengthening anti-circumvention measures. With trilogue negotiations now underway and the first political trilogue scheduled for October 2026, significant divergences remain between the institutions on scope, exemptions, and enforcement mechanisms that will shape the final framework
European UnionEnvironment
Mayer Brown
Mayer Brown