Vivendi shares fell on the French stock market at the end of last week on concerns over the possible non-renewal of a tax regime that benefited the media giant.
Vivendis shares fell sharply before settling at about Â20.20 on Friday on concerns that a regime known as the Âbenefice mondial consolidÃ©Â (BMC) would not be renewed next year. However, analysts have reportedly said the ending of the BMC would not have a major impact on the companyÂs value.
The BMC, originally instituted in 1965, allows the fiscal consolidation for tax purposes of all companies in which a major shareholder holds more than 50%, permitting companies to deduct taxes and losses from international subsidiaries. Vivendi is seen as the major remaining beneficiary of the system.
ICYMI: Former Virgin Media MD Pat Kiely launches Dublin-based prodco digitaltveurope.com/2021/03/01/for… https://t.co/zVGoQvZvwS
01 March 2021 @ 21:00:00 UTC
ICYMI: APAC pay TV revenues to fall by US$1 billion over next five years digitaltveurope.com/2021/03/01/apa… https://t.co/DVtBERM187
01 March 2021 @ 20:00:01 UTC
ICYMI: North American OTT market to double in revenue by 2026 digitaltveurope.com/2021/03/01/nor… https://t.co/uwCF2fmpwZ
01 March 2021 @ 19:00:02 UTC
ATSC gives Recommended Practice status to Immersion Corporation’s haptics proposal digitaltveurope.com/2021/03/01/ats… https://t.co/OtcNEq3DIy
01 March 2021 @ 17:00:02 UTC