Monday, August 11, 2014

Will you benefit from lower tax revenue this … – La Voix du Nord

Will you benefit from lower tax revenue this … – La Voix du Nord

The General Directorate of Public Finance reported that no special action is required to benefit from this measure, shown in tax notices being distributed to every single person whose income tax annual reference is below 14144 euros, and for any couple (married or civil partnership – two shares) whose income is less than 28289 euros

Les limits are increased by 3536euros for each additional half share.

The reduction is maximum for less than 13,795 euros (single) income and 27590 euros (couple), and then decreasing.

Bercy states, moreover, that it is a reduction, not a tax credit, that is to say, it does not qualify for a refund.

The amount of this device has been valued at € 1.16 billion. It should benefit just over 3million households, 1,9million will have their taxes reduced to zero.

This is to make out the scale of income tax upon them; entered in 2012 and 2013 or who would have entered this year because of tax policy and not because their incomes increased. This phenomenon of “entry tax” sparked in September 2012 a violent controversy over the tax ras-le-bol.

This tax reduction is one of the actions decided by the government to support the purchasing power under the pact responsibility and solidarity, which consists mainly of aid to enterprises, financed by savings.

This agreement, however, provided another gesture much more consistent for households through lower premiums paid by employees, but this measure 2.5billion euros was censored by the Constitutional Council. The executive, however, promised to fully compensate through other means.

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