Withholding: Holland precise timing – TF1

In an interview with South West Sunday, François Hollande confirmed that the withholding tax on income would be “committed from 2016 to be fully implemented in 2018 “. Arguing that it was a reform “awaited by French and desirable for the state,” the head of state stressed that the withholding was “not to complicate the lives of companies and even request the taxpayer less. “
This reform, he said,” must be well conducted to be well implemented step by step, and it can not be done in less than three years ” . As if asked it will result in a “lost year”, the Head of State assured without elaborating: “We are preparing a project that will ensure that no one has to lose anything, nor French nor the state. ” This “lost year” would see taxpayers pay tax on their income in the year of implementation of the reform and not on the previous year as is the rule until now.

Hollande wants to “encourage the production, to allow more redistribution”

As for fusion the income tax and the CSG, a campaign promise, President Hollande begs the question. “The priority is lower tax of the French,” he stressed, reiterating that “this year, more than nine million households will see lower their income tax” . “If we want there tomorrow for further reductions samples, we need more growth, more jobs, more investment. This is why government policy is to encourage the production, to allow more redistribution “.
he added On the proposal of the former Minister of Productive Recovery Arnaud Montebourg a ‘European Strategy for a tax cut for households” Hollande replied: “Do I remember that our public deficit reached 4% of GDP?” “The French have understood perfectly that today’s deficits are tomorrow’s taxes. The fewer gap, the fewer tax tomorrow,” he argued.