(Boursier.com) – As the French activity is stalled, the Finance Minister Michel Sapin calls on companies to “take responsibility” in an interview with ‘Liberation’
“End May, two thirds of the second quarter, receivables CICE (tax credit for competitiveness and employment, ed) up almost seven billion euros. This is the time of realize the opportunities it provides, “he says …
Decline in investment
For the record, the ICCC is a proportional tax credit mass of less than 2.5 SMIC, which is equivalent to a cut in payroll taxes wages. Its rate is 4% for remuneration in respect of 2013 and 6% for the next. It benefits all businesses with employees falling within an effective tax regime on profits (income tax or corporation), and those whose income is temporarily exempt from tax. The non-profit practice, incidentally, a lucrative activity subject to income tax, are also eligible.
Despite the blow of tax thumb that should help fund efforts the company’s investment, research, innovation, training or recruitment, the Minister noted that “investment declined in the second quarter.”
“must be applied Pact “
The CICE will be completed by the Covenant of responsibility” that comes into effect this year and will gain momentum by 2017. ” “This policy will lead to give businesses 40 billion euros of margins they have lost,” said Michel Sapin. Despite criticism from political and union Finance Minister therefore believes that “there is no need to shift the Covenant, but to apply it.”
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