After 60 years of fierce debate, France has finally decided to reform its income tax system and to shift the burden of income tax collection from the State to employers, thus aligning itself with all other EU Member States and most western countries which deduct income tax under a Pay As You Earn (PAYE) system. As of 1 January 2019, employers will be compelled to collect income tax through deducting it from their employees’ salaries and to pay it to the French Tax Department.

In June 2010, Benefits & Compensation International published an article by Ms. Le Men-Tenailleau on variable compensation for bankers. It focused on the employment and tax law aspects of the regulations issued by the French government in 2009 and 2010, following the Pittsburgh G20 summit of September 2009.