SCAN THE ECO – Francois Hollande will announce on Thursday a tax measure for households of around one billion euros. A tax cut that should concern the middle classes as in previous tax cuts since 2014.
Reduced Tax on income, decline in CSG for modest pensioners or premium increase of activity … more tracks were on the table to reduce taxes again the French in 2017. It seems that the former is preferred for the amount of billion. It must be said that after the beginning of term increases taxes, “France is mounted at a level that was no longer tolerable for the French”, recognized the Economy Minister Michel Sapin, who recalled that since 2014, “there has already had 5 billion euros of tax cuts.” For who?
• A peak of compulsory levies in 2013-2014
From 2009 to 2013, the tax burden (PO) in France has steadily to increase. It went from 41% to 44.8%, a historic high. At that time, the famous “ras-le-bol tax” led the government to stop tax increases and to promise a “tax break”. In 2014, the PO have indeed stabilized at 44.8%. Then in 2015, he was a little declined 0.1 points to 44.7%. 2016 Bercy provides a rate to 44.2%.
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• 5 billion in tax cuts since 2014
The taxes decreased in 2014, 2015 and 2016 for 12 million low-income households, which represents a budget shortfall of EUR 5 billion:
3 billion euros in 2015.
in spring 2014, the government announced a tax cut for the French in 2015, as part of its Pact responsibility and solidarity launched in January 2014. in September, Parliament endorses the reduction of flat tax, which has affected 4.2 million homes to income up to 1.1 sMIC, including more than 2 million came out of the income tax. The tax reduction amounted to a maximum of 350 euros for a single person (single, divorced or widowed) and 700 euros for a couple (married or PACS filing jointly).
measure in 2014 was renewed for 2015 and new provisions have been introduced: the 5.5% tax bracket is deleted; the first installment of taxes begins as soon euros in 9690 (rather than 6011 euros), at 14%; the discount is reinforced and raised the ceiling to 1135 euros for singles and 1,870 euros for couples. More than 9 million households benefited from the removal of the first tax bracket, according to Bercy. 8 million households reduced their tax on average 252 euros. 1.7 million households have seen their taxes fall by more than 500 euros.
2 billion euros in 2016
in September 2015, Michel Sapin and Christian Eckert announce new tax cuts in 2016 to two billion euros, affecting 8 million tax households, 3 million of which were not affected by the above measures. Most unmarried concerned will carry 200 to 300 euros less, from 300 to 500 euros for couples, according to Bercy. Million households out of tax or remain non-taxable
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1 billion euros for 2017?
On September 8, Bercy will present its arbitration. It seems that the track of a flat tax cut is preferred, for an amount of approximately 1 billion euros, according to Les Echos , not EUR 2 billion as the government had talked in recent months because of insufficient room for maneuver. The measure, which would be perpetuated, concerns the middle classes, big contributor to fiscal consolidation in recent years
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• a continuous overall increase taxes for French
still, according to research by Coe-Rexecode, since 2011, the overall tax French continued to increase: 7 billion in 2011, 19 billion more in 2012, another 16 billion more in 2013, 11 billion in 2014, 3.5 billion in 2015 and 2 billion more in 2016
in a recent report of the PS MP Valérie Rabault where she compared the evolution of the tax burden of individuals and companies since 2007, it appears that budgetary consolidation in France is much more affected households on businesses, while local taxes and tax econological particular have risen sharply in recent years
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• France compared to other countries
According to the OECD in 2014, France was the second European country to compulsory levies on the highest GDP in Europe after Denmark. On average, over the period 2010-2014, France is similar tax in other countries such as Belgium, Finland, Italy, Austria and Sweden,
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