Wednesday, February 1, 2017

Macron wants to make the ISF a “tax on the pension real estate” – The Echoes

Called to outline his economic program, Emmanuel Macron has lifted the veil on its project to reform the taxation of capital. This morning on France Inter radio, the former minister of Economy has announced its intention of “reforming” the tax of solidarity on wealth (ISF) by deleting ” the part that finances the real economy “, that is to say the holding company or the shares, to make it a ” tax on the annuity real estate “. “I want to reform the ISF in depth. Today, the tax on capital tax your detention in the real economy and in real estate. I’ll remove it from the ISF who finance the economy, ” he said.

In the clear, the leader In market wishes to exonerate completely the business assets of the ISF, whereas today they are only in very specific conditions. This is the case, for example, a boss, a business owner. The problem is that many entrepreneurs become subject to the wealth tax when they sell their company. That grow a certain number of them either leave France, or to build complex structures to escape in the TFR.

Deduction on the principal residence

Ensuring that it would specify more widely its programme in the field of taxation ” in ten days “, Emmanuel Macron said that he would maintain ” the tax deduction on the principal residence “, but also the exemption for works of art.

According to him, this reform would lead to reduce of half the revenues of the tax on capital, knowing that these are beyond the 5 billion euros. “But you attract new capital (…) in The end, this measure has little cost to the economy”, he argued.

“from left”

“from left”, the former adviser of François Hollande is allowed to criticize the removal of the tax shield, a totem of the right become so embarrassing for the ex-president Nicolas Sarkozy that the latter had had to remove it. “Since the end of the shield, a lot of taxpayers are gone, a lot of young entrepreneurs,” he said. A message that is in contradiction with the communication of the government in the face of the worrying figures of departures affluent taxpayers abroad. Bercy has always considered that this increase was an effect of globalisation and greater mobility among workers international.

at the time when he was the minister of Economy, Emmanuel Macron, had already revived the debate on the wealth tax. “If one has a preference for risk in the face of the annuity, which is my case, it is necessary to prefer for example the taxation on the estate taxes of type ISF, î he told last April in the journal “Risk”. The outcry raised by these statements had earned him to be reined in by the Prime minister, Manuel Valls.

His other economic proposals

The reductions in social charges are at the heart of the economic programme of Emmanuel Macron. “The SIEC has created at least 100,000 jobs. This is not enough because it is not experienced by the companies as sustainable,” he says. Hence the need to transform the tax credit relief of charges is sustainable.

The former minister of the Economy wants to remove all of the expenses at the level of the MINIMUM wage (10 points less). He wants to convert the RSA to encourage the resumption of activity for the employees that are paid between 0.5 and 1.3 times the MINIMUM wage.

As announced in December, the project provides for the removal of 3.1 percentage points of employee contributions, the cost of which will be offset by an increase of the CSG. Objective : to bring down salary costs by the pensions and capital income.

Not calling into question generalized 35-hour week, but he wants to leave to companies the possibility to make adjustments on a case-by-case basis.

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