The great Medef back-to-school meeting, the French Entrepreneurs Meeting (REF) 2023, which will be held starting Monday at the Longchamp racecourse, west of Paris, will open with a wind of business concern. leaders in tax matters. According to Patrick Martin, president of the Medef, they are concerned about fiscal policy, in particular about the postponement of the total abolition of the company value added contribution (CVAE) until 2027 instead of 2024. This morning, on France Inter , Bruno The mayor, Minister of Economy, tried to reassure them.
“The Promise Will Be Fulfilled”
Regarding the CVAE, the minister affirms that the promise will be fulfilled.
“In 2018 I proposed to reduce production taxes, saying that if we want to successfully reindustrialize the country, we must reduce them. They are 7 times higher than in Germany. By 2023, we will have already cut 4 billion production taxes. The year The next one will eliminate (another) billion. We will continue until 2027 and the promise will be fulfilled.”
Let us remember that the government had abolished half of the CVAE (ie 4 billion euros) in 2023. Initially, it had to abolish the rest of this tax (therefore 4 billion euros) in 2024. Finally, it will be a thousand million euros less. in 2024, then in 2025, 2026 and 2027. Then the tax will be completely abolished.
Don’t “load the mule”
To explain the postponement of the abolition, Bruno Le Maire evokes the budgetary balance that must be maintained.
“With the President of the Republic we will not deviate even one centimeter in the reduction of taxes on companies and households,” he added.
Will these explanations reassure businessmen? This will be the mission of the executive that will strongly attend REF 2023. With Prime Minister Elisabeth Borne, a dozen members of the Government are expected to attend. At the opening of this meeting, Emmanuel Macron will speak via videoconference.
Source: BFM TV
