Budget Taxation

Budget 2020: who will benefit most from the income tax cut

The 5 billion income tax cuts in the draft budget for 2020 respond to a finding made during the “yellow vests” crisis: entry into tax is particularly brutal for the middle classes. The gain will be greatest for income between 20,000 and 25,000 euros per year. During the great debate this winter, many tax proposals […]

Budget Taxation

93.1 billion, 2.2%, 47 posts … the key figures of the 2020 Budget

Slowed growth, public deficit, lower income tax, less job cuts … overview of the key figures of the 2020 finance bill presented this Friday morning in the Council of Ministers. 1.3% growth The government now expects, in the 2020 finance bill, a growth of 1.3% next year. This is a little less than the increase […]

Budget Taxation

Tax evasion: Bercy’s new wealth of information on foreign bank accounts

Since the entry into force of the automatic exchange of information, the tax authorities have received information on 3.5 million foreign accounts held by French taxpayers. 86 countries transmitted data, including Switzerland, Luxembourg and tax havens such as Panama or the Cayman Islands. Tax transparency, information exchange, reporting by country … For ten years, international […]

Budget Taxation

VAT, tax optimization, small taxes: the symbolic measures of the 2020 budget

From VAT fraud to the abolition of small taxes, the finance bill includes many tax provisions which will liven up the debates. Apart from the major themes relating to household tax, the Finance bill presented this Friday provides for a series of tax provisions which will animate the parliamentary debates in the fall. Overview. Read […]

Budget Taxation

Budget 2020: Macron opts for caution so as not to wake up social tensions

The government presents this Friday its finance bill for 2020. Strong tax cuts for households, concern to avoid major cuts in public spending: the text bears the mark of the social crisis of last winter, in an uncertain economic context. As a result, the real fall in the deficit should remain very limited, at 2.2% […]

Budget Taxation

Budget: the tax litigation bill is on the rise

The cost of serial litigation is estimated at 2.35 billion euros for 2020. After the 3% tax on dividends two years ago, the State suffered new convictions which will require it to reimburse taxpayers. It is now a line of the state budget closely monitored by parliamentarians. Since the case of the 3% tax on […]

Budget Taxation

Budget: the difficult hunt for unnecessary government administrative commissions

In the finance bill for 2020, the government ensures that it will cut around 90 public bodies out of the 390 or so that currently exist. This hunt for “useless” instances had been presented by Emmanuel Macron and Edouard Philippe as one of the avenues to finance the tax cut of 5 billion euros for […]

Budget Taxation

Darmanin praises the results of the new arsenal against tax fraud

After several years of erosion, the state recovered 5.6 billion euros in revenue through its tax audits in the first nine months of 2019, 40% more than last year at the same period . The transmission of tax files to justice has doubled since the opening of the “lock of Bercy”. The money from tax […]

Budget Taxation

Justice budget: prisons and juvenile justice take the lion’s share

The justice budget is up for the third consecutive year. It gives pride of place to the prison administration and the criminal justice system for minors. 1,520 new jobs and a 4% increase in the total budget (+294 million euros): these are the key figures of the 2020 draft budget for justice, presented by the […]