The Limited Times

Now you can see non-English news...

Tax increases: will Macron resist the pressure?

2024-02-29T19:16:27.935Z

Highlights: The temptation of tax increases revives certain members of the majority when the weather turns stormy. While 10 billion in savings have just been announced for this year, the executive is already looking for at least 12 more for the 2025 budget. Even though the rate of compulsory deductions in France (48% in 2022, according to Eurostat) remains the highest in the euro zone. The mantra of the President of the Republic, the one he reaffirms, is to solve the problem of public finances ‘through revenue’


ANALYSIS - While the situation of public finances is straining, voices even within the government are advocating a targeted increase in taxation. At the risk of confusing the message of the President of the Republic.


Like a nagging pain, the temptation of tax increases revives certain members of the majority when the weather turns stormy.

In a sequence where the macronie must both face a delicate budgetary situation (the 2023 deficit is expected above the objective of 4.9%) which forces it to make unpopular credit cuts, some are tempted by the easy way.

While 10 billion in savings have just been announced for this year, the executive is already looking for at least 12 more for the 2025 budget. “

And it is likely that we will have to look for additional savings for July

,” breathes an insider.

For certain members of the majority, the temptation is strong to solve the problem of public finances “through revenue”, including tax increases.

Even though the rate of compulsory deductions in France (48% in 2022, according to Eurostat) remains the highest in the euro zone.

Also read: France in favor of a global tax on billionaires

The mantra of the President of the Republic, the one he reaffirms...

This article is reserved for subscribers.

You have 87% left to discover.

Flash sale

€4.49/month for 12 months

I ENJOY IT

Already subscribed?

Log in

Source: lefigaro

All news articles on 2024-02-29

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.