Report
Benoit Valleaux

April : Threat of an additional tax charge

>Proposed tax reassessment for April Group - April Group announced that on 21 December 2018, it received notification from the French tax authorities of a proposed tax reassessment following investigations on the territoriality of the reinsurance business conducted by Axeria Re, its subsidiary in Malta, for financial years 2007 to 2015. The proposed reassessment concerns the qualification of these activities, including technical concepts of effective management. April...
Underlying
APRIL

April Group designs, sells and manages insurance products through distributors, managers, insurers and reinsurers. Co. divides its activities into four divisions: Health and Personal Protection, Property and Casualty, International (mobility/assistance) and Protection and Legal Services. Health and Personal Protection designs, manages and distributes individual and collective policies; Property and Casualty designs, manages and distributes property and casualty policies for individual clients; International division (mobility/assistance) designs, manages, and distributes policies for individuals and businesses settled abroad; and Protection and Legal Services focuses of legal activities.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Benoit Valleaux

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