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Philippe Bruneau and Philippe Baillot: "Threat to life insurance"

2021-11-17T20:21:44.683Z


TRIBUNE - The temptation is strong to toughen the tax regime for life insurance after the presidential election, perhaps even with a retroactive effect, the authors, president and member of the Circle of tax specialists are alarmed.


With the presidential election, the moment of truth is approaching for the restoration of our public accounts and its possible corollary, the increase in compulsory levies.

In France, characterized by very high inheritance taxes, much more than those collected by our European neighbors (some have even abolished them), life insurance is considered a tax haven.

The observation must be put into perspective in view of the context which has just been recalled.

We think it is fair to say that the life insurance system introduces a healthy breath of fresh air.

The life insurance market represents assets close to 1900 billion euros held by more than 18 million French savers.

This is what makes its strength and its weakness.

Its strength, because any wise politician will hesitate before adding too much to his tax system for fear of public reaction.

Its weakness, because a few tax increase points represent considerable sums in front of which the cashiers

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Source: lefigaro

All news articles on 2021-11-17

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