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Production taxes: the challenge of compensation

2020-08-30T18:49:14.711Z


The executive promises that local communities will be fully compensated for the 10 billion decrease.Deemed harmful for the competitiveness of French companies, taxes on production will drop by around 10 billion euros from 2021. Expected for years by employers, this measure aims to give air to companies by attacking several local taxes. And the government ensures that the tax loss for local authorities will be compensated to the nearest euro. Except that on the side of the interested parties, we ...


Deemed harmful for the competitiveness of French companies, taxes on production will drop by around 10 billion euros from 2021. Expected for years by employers, this measure aims to give air to companies by attacking several local taxes. And the government ensures that the tax loss for local authorities will be compensated to the nearest euro. Except that on the side of the interested parties, we always fear losing in the exchange. There are the main principles but "the devil is always hiding in the details", insists Philippe Laurent, secretary general of the Association of Mayors of France (AMF).

In the government plan specified by Prime Minister Jean Castex himself during the Renaissance of France's Enterprises (La REF) meeting, organized by Medef on Wednesday, there is first the drop of around 7 billion in the contribution on the added value of companies (CVAE). It is the share that goes to the regions that will be abolished. And the diagram

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Source: lefigaro

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