Crises are repetitive in that the governments that confront them always come up with the same ideas to overcome them.
This is the case with Bruno Le Maire's idea of tax exemption for small donations between grandparents and grandchildren to free up part of the savings stock that the French will have accumulated at the end of 2021, i.e. until 200 billion euros according to the Banque de France.
Nicolas Sarkozy, as Minister of the Economy and then President of the Republic, has already explored this path twice.
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In 2004, he exempted from transfer taxes on intra-family donations of 20,000 to 30,000 euros.
At the time, 1.1 million donations had been made, freeing up 17.8 billion euros in 18 months.
He did it again three years later with the Tepa law by broadening the conditions for donations (amount, duration, etc.) exempt from inheritance tax.
Measures which, according to Thomas Piketty in 2011, should ultimately release 8 to 16 billion euros in savings
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