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The reduction in production taxes will mainly benefit SMEs and midcaps

2020-10-28T17:32:47.805Z


On average, the gain for small and medium-sized businesses is estimated at 13,300 euros per year.Crisis or no crisis, it is a very French habit to focus on a tax subject. The 10 billion euro reduction in production taxes from next year, a key measure in the stimulus plan currently being examined in Parliament, is no exception. The deputies on the left continue to criticize the low earnings for small businesses and the “freebies” for the big ones. An air of deja vu. The criticisms were similar


Crisis or no crisis, it is a very French habit to focus on a tax subject.

The 10 billion euro reduction in production taxes from next year, a key measure in the stimulus plan currently being examined in Parliament, is no exception.

The deputies on the left continue to criticize the low earnings for small businesses and the “freebies” for the big ones.

An air of deja vu.

The criticisms were similar during the implementation of the tax credit for competitiveness and employment (CICE) to reduce the cost of labor.

Read also:

Production taxes: a fight dating back… 20 years

This is to forget a little quickly that these taxes, evaluated at more than 70 billion euros, weigh heavily on the competitiveness of French companies.

France is the European country where these taxes on production activities are the highest.

In addition, they largely contribute to increasing corporate taxation, which represents 15.7% of all compulsory levies against 12.9% on average in the EU, the Court recently underlined.

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Source: lefigaro

All news articles on 2020-10-28

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